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Casa De Jesus Group
In this Group: Cecilia Leticia , Rut Elizabeth , Imelda Beatriz , Antonia Everilda , Rosario , Olga Anastacia , Genoveva , Rosa Elizabeth , Azucena Leticia , Carmen
The Friendship Bridge Trust Bank “Casa de Jesus”, meaning “House of Jesus,” consists of ten hard-working women who live in the area of Zunil, Quetzaltenango. This area of Guatemala is in the highlands and can be very cold. It is an agricultural area and some of the best vegetables of the country are grown here. “Casa de Jesus” was formed just eight months ago, and the ladies are applying for their second loan cycle with Friendship Bridge. They intend to use the funds in their small businesses which include the sale of food (chicken, fruits, and vegetables) as well as everyday items including clothing and shoes.

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!

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.

Tags

About Guatemala

  • $4,155
    Average annual income
  • 67
    View loans »
    Guatemala Loans Fundraising
  • $8,754,075
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Casa De Jesus Group's $2,650 loan helped a member to purchase additional materials for food production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2014
Listed
Jan 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014