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Esmeralda Nahuala Group
In this Group: Juana , Francisca, Manuela Aracely , Manuela Claudia , Manuela Matilde , Antonia , Rigoberta Antonia
Nahualá is one of the rural municipalities of Sololá in the highlands of Guatemala. Approximately 93% of the population lives in the outskirts of the small populated town. The vast majority of the population speaks a Mayan dialect, Kiche, as their first language and to a lesser degree, Spanish. Most of the women have had no formal education. They mostly work in the production of handicrafts and textiles.

The new Friendship Bridge Trust Bank “Esmeraldas Nahualá” is composed of seven women who live in this area. They are requesting loans in order to leave poverty behind and step into a more prosperous and educated future. This will be their very first opportunity to secure a loan from Friendship Bridge and start, sustain or grow their small businesses.

The President of the Trust Bank is 46 year old Juana who is the mother of eight children and has no education. She is married. Juana creates beautiful traditional textiles called “huipiles” and in addition, buys and sells used clothing. Her business is doing well, but Juana wants to invest more capital in her business and is requesting a loan from Friendship Bridge. She will use the funds to purchase different types of yarn and other materials with the goal of improving the quality of her huipiles.

The seven ladies of the Trust Bank “Esmeraldas Nahualá” are most anxious to start their very first loan cycle with Friendship Bridge. They have been preparing for this moment by participating in the non-formal educational training offered at their monthly meetings by a Friendship Bridge loan officer. Topics covered include budgeting and accounting practices, effective business management, women’s rights and self-esteem, as well as nutrition and health.

Doña Juana and the ladies in the Trust Bank appreciate the confidence and generosity of KIVA investors. The combination of capital in the form of microloans and education will help them empower themselves and face a brighter and more prosperous future. They will share their empowerment and success with their families and their rural municipality of Nahualá
View original language description ↓
Nahualá is one of the rural municipalities of Sololá in the highlands of Guatemala. Approximately 93% of the population lives in the outskirts of the small populated town. The vast majority of the population speaks a Mayan dialect, Kiche, as their first language and to a lesser degree, Spanish. Most of the women have had no formal education. They mostly work in the production of handicrafts and textiles.

The new Friendship Bridge Trust Bank “Esmeraldas Nahualá” is composed of seven women who live in this area. They are requesting loans in order to leave poverty behind and step into a more prosperous and educated future. This will be their very first opportunity to secure a loan from Friendship Bridge and start, sustain or grow their small businesses.

The President of the Trust Bank is 46 year old Juana who is the mother of eight children and has no education. She is married. Juana creates beautiful traditional textiles called “huipiles” and in addition, buys and sells used clothing. Her business is doing well but Juana wants to invest more capital in her business and is requesting a loan from Friendship Bridge. She will use the funds to purchase different types of yarn and other materials with the goal of improving the quality of her huipiles.

The seven ladies of the Trust Bank “Esmeraldas Nahualá” are most anxious to start their very first loan cycle with Friendship Bridge. They have been preparing for this moment by participating in the non-formal educational trainings offered at their monthly meetings by a Friendship Bridge loan officer. Topics covered include budgeting and accounting practices, effective business management, women’s rights and self-esteem, as well as nutrition and health.

Doña Juana and the ladies in the Trust Bank appreciate the confidence and generosity of KIVA investors. The combination of capital in the form of microloans and education will help them empower themselves and face a brighter and more prosperous future. They will share their empowerment and success with their families and their rural municipality of Nahualá

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

  • $4,155
    Average annual income
  • 93
    View loans »
    Guatemala Loans Fundraising
  • $9,105,075
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Esmeralda Nahuala Group's $3,625 loan helped a member to purchase different types of yarn to make textiles.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014