Paraje Tzancoral Group
Catarina is a 54-year-old mother of five children. She sells tortillas, an indispensable food in the Guatemalan highlands, that is made from pure corn. Her business is progressing well and she wants to increase it even more. Catarina wants to sell vegetables in the same little storefront where she sells tortillas. She has applied for a loan which she will use to buy larger quantities of corn to produce more tortillas and purchase vegetables as well. Catarina has two employees in order to meet the demands in her customers. She is happy to be able to provide part-time employment so that her employees have an income to support their families.
The nine women of the “Paraje Tzancoral” Trust Bank thank KIVA investors for their generosity and confidence. The additional capital with the small loans combined with the monthly educational trainings on topics like effective business administration and budgeting offered by a Friendship Bridge Loan Officer provides the women with real tools to empower themselves. In this way, the ladies are facing a brighter and more prosperous future. Thank you!
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
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Success!! The loan was 100% repaid