Las Misioneras Group
Each Friendship Bridge Trust Bank has officers and a board of directors. The current President of Las Misioneras is 44-year-old Candelaria who is married with four children. She is most dedicated to her children and their success. Two of them have graduated from high school and another child will graduate this year. Her last child is in the 7th grade. Candelaria, along with the women in her Trust Bank, realize that education is a vital key to a successful future for the children.
Candelaria has been a member of the Trust Bank since the beginning. Her previous loans have positively impacted her bakery business. Recently she began to sell “refacciones,” which are snacks. Candelaria is requesting a new loan and will use the funds to purchase a refrigerator and additional items for food preparation. She sells her snacks during the week at a school in her community, beginning at 9:00 in the morning. When school is not in session and the children are on vacation, Candelaria makes banana bread to sell in the community.
Along with the fellow members of her Trust Bank, Candelaria is most grateful for the funds generously donated by KIVA lenders and administered by Friendship Bridge. The women are able to maintain and increase their businesses. They also benefit from the monthly trainings on subjects like business administration and indebtedness, nutrition and health, as well as self-esteem. The combination of the loans and education is a winning one for these women who are able to step into a more empowered future, benefiting themselves, their families and their community of Santa Cruz del Quiche.
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