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Francisquenses Group
In this Group: Manuela , Julia , Andrea , Magdalena Luisa , Maria Lorenza , Santos , Magdalena , Catalina Elvira , Francisca Victoriana , Andrea
San Francisco El Alto is a town located in the southwestern highlands of Guatemala. It is renowned for the production of high quality textiles and also serves as the commercial hub of the entire region. The Friday market, possibly the biggest in Central America, is quite popular and traders from all corners of Guatemala come here, many arriving the night before with some starting to sell by candlelight before dawn.

The Friendship Bridge Trust Bank, “Franciquenses”, meaning “people from San Francisco”, is located here and made up of ten women who range in age from 23 to 64 years. They all have a common goal, which is to improve not only their own lives, but those of their families.

Andrea is a 28-year-old member of the Trust Bank. She has had six years of formal education. She is a hard-working mother of three sons who she describes as “her reason for living”. Her ultimate goal is to offer them a better future and she works arduously day-by-day to make this a reality. Andrea, like 80% of the women in her Trust Bank, invests her loan in the purchase of thread and cloth so that she can create pants, jackets, sweatshirts and sweatpants, as well as other articles of clothing. Her father and her sister also assist Andrea in her work, with the expectation that there will be increased clientele with increased inventory. Everyone in the family will benefit.

The Friendship Bridge Trust Bank, “Franciquenses”, thanks KIVA investors for providing them with the capital in the form of their loans. The ladies want to share that they will work hard to take advantage of this valuable opportunity to move ahead and improve their lives. They look forward to sharing their stories with KIVA investors in the future. Thank you!

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

  • $5,300
    Average annual income
  • 100
    View loans »
    Guatemala Loans Fundraising
  • $9,669,775
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Francisquenses Group's $4,450 loan helped a member to purchase thread and cloth so that she can make clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 10, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015