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Cruzche Iii Group
In this Group: Paulina , Juana Susana , Fermina , Lorenza , Virginia Jacinta , Maria , Marcela , Ambrosia , Juliana Isabel , Catarina , Catarina
The state or department of Quiche (pronounced “key-che) is located in the highlands of northwest Guatemala and is quite culturally diverse and interesting. Most of the populations of this rural area work in agriculture as well as textile and handicraft production. One of the communities located in Quiche is “Cruzche” meaning “tree cross”.

The Friendship Bridge Trust Bank “Cruzche III” was formed in 2012 and consists of thirteen hard-working and determined women. The ladies are applying for a new loan with Friendship Bridge in order to sustain and grow their businesses. They are very motivated to succeed and look forward to their monthly meetings where they also receive trainings on subjects like effective business practices, indebtedness, women’s health, children’s nutrition and self-esteem. Almost all of them have had very little or no formal education.

Fermina is the 36-year-old Secretary of the Trust Bank. She is married and has five children. As three of the children are still dependent on Fermina and her husband, the couple makes many sacrifices so that they can meet the basic needs of the children. They realize that education is a vital key to their successful futures and so the couple works hard. Fermina fabricates palm mats and delivers 50 each week to the local market. She is requesting a new loan with Friendship Bridge which she will use to invest in additional palm material for the mats as well as other materials. Fermina wants to take advantage of this time of the year to buy quantities of raw materials because this is the most economical time to make purchases as costs are down.

Each of the ladies in the Trust Bank is most grateful to Kiva investors and Friendship Bridge for this vital support which is really a lifeline for them. With these loans, the women can maintain or grow their businesses. With the monthly trainings, they can arm themselves with new knowledge to live their lives. The combination of loans and education is a winning one for the ladies of the Cruzche Trust Bank. They are able to step more confidently and empowered into a brighter future and create a better life for themselves, their families and their community.

Additional Information

About Friendship Bridge

This loan is administered by Friendship Bridge (FB), a nonprofit, nongovernmental organization that empowers thousands of impoverished Guatemalan women through its Microcredit Plus program. The program combines small loans averaging US$350 for four-to-twelve month loan terms with non-formal, participatory education.

As FB clients, women start, expand, or diversify their businesses and learn practical lessons on topics including business, health, and self-esteem. FB’s clients borrow as a group, forming Trust Banks (groups of 7-25 women who serve as co-guarantors of the loan and act as a self-regulating support network).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Guatemala

  • $5,300
    Average annual income
  • 127
    View loans »
    Guatemala Loans Fundraising
  • $10,890,300
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Cruzche Iii Group's $4,175 loan helped a member to buy palm material to make mats, as well as other materials.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 13, 2014
Jan 21, 2014
Currency Exchange Loss:
Dec 17, 2014