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Sendero De Luz Group
In this Group: Santos Margarita , Irma Catarina , Maria Rumalda , Maria , Micaela , Sebastiana , Maria Petronila , Lucia Elizabeth , Florencia , Julia Victoria
The Friendship Bridge Trust Bank “Sendero de Luz”, meaning “Path of Light”, is starting its second loan cycle. The group is located in San Francisco El Alto in the state of Totonicapán in the highlands of Guatemala. There are 10 women in the Trust Bank, which is run by a Board of Directors. Many of the ladies are involved with textile production and tailoring. Several work with their husbands and the businesses have become family enterprises.

The requested loans will benefit small micro entrepreneurs like Irma who is the President of the “Sendero de Luz” Trust Bank. She is 35 years of age and has five children who range in age from four to twelve. Along with her husband, Irma is a tailor and the couple makes children’s clothing ranging in size from 2-8. She will use her loan to purchase good quality fabric from wholesalers and transform it into pants, sweatpants, shirts and other apparel. Irma sells her products by the dozen in two nearby markets. She is pleased that she is able to provide good support for her family.

In addition to receiving loans, Irma and the rest of the ladies receive monthly training from a Friendship Bridge Loan Officer on topics like business administration, budgeting and marketing, accounting and customer service. Other subjects presented include health, nutrition and medicinal plants, women’s and children’s rights, and self-esteem. As many of the women have had little or no education, this training is quite valuable and relevant.

On behalf of her fellow Trust Bank members, Irma thanks Kiva investors for their confidence and generosity in providing these much-needed loans. Empowered by the training from Friendship Bridge and the loans from Kiva investors, the 10 women of the “Sendero de Luz” Trust Bank can step more confidently into a brighter tomorrow. They, along with their families and community, will benefit!

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
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $8,374,425
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sendero De Luz Group's $3,450 loan helped a member to buy fabric to make children's clothing.
90% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2014
Listed
Apr 12, 2014
Currency Exchange Loss:
Possible