Casa De Jesus Group
Antonia is a 33-year-old mother of three children who is married to a bricklayer. She sells food including tortillas, fried chicken, and French fries! Her two young daughters are 10 and 12 years of age and although they attend school for part of the day, they help their mother after completing their homework. Antonia’s first loan helped her expand her business and now she wants to expand even more, and so she is applying for a second loan. She will use the funds to purchase additional materials for food production including gas to fry chicken and to make French fries. She wants to diversify her daily menu and will have to buy additional ingredients. Finally, Antonia plans to purchase more corn to produce more tortillas, which are usually made three times each day in Guatemala.
This hard-working woman shares with us that she returned to school and that this year, she is in the 4th grade. She firmly believes that it is never too late to learn and attend school on Sundays. Antonia dreams of completing primary school and then will evaluate her next step, which might be to move onward to the next level. However, her children are her first priority and she wants to see them attend college. For this reason, she will work diligently at her business, keeping her goals in mind.
All of the women of the Trust Bank's “Casa de Jesus” wish to express their appreciation for the opportunity to secure loans through Friendship Bridge. Without this vital capital, they would be unable to maintain and/or grow their businesses. They look forward to a better standard of living and a brighter future for themselves, their families, and their community of Zunil!
About Friendship BridgeThis 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.
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Success!! The loan was 100% repaid