Las Trenceras Group
The President of the Trust Bank is 52-year-old Maria, who is married and has nine children. She has had six years of formal education. Maria is involved in various productive activities with the goal of generating enough income to meet her large family's daily needs, including their education needs. Maria's businesses include poultry (purchase and sale of chickens), tamales (on weekends) and products made from palm leaves. Maria is requesting a new loan which she will use to purchase additional chickens, spices for her tamale business and materials for her palm leaf creations.
The overwhelming majority of the clients of Friendship Bridge place a high priority on education, both for themselves and for their children. They are keenly aware that knowledge is a powerful tool and opens up many new opportunities. They understand that education is essential to realize a better and more prosperous life. Four of Maria’s children are in school and she works very hard to pay for all of their school expenses, including their uniforms and supplies. Her highest hope is that they graduate and find successful careers and enjoy more success than she has been able to achieve.
The ladies in the Trust Bank meet each month with a Trust Bank officer who presents non-formal participatory educational trainings. The women are eager to learn about effective business practices, including accounting, budgeting and customer service as well as women’s rights and self esteem. They also learn about nutrition and health as well as the use of medicinal plants. It is the combination of the loans and education that comprises the Microcredit Plus Program of Friendship Bridge.
The “Las Trenceras” Trust Bank extends gratitude to KIVA investors for believing in them and investing in their loans. They are committed to working hard, empowering themselves and stepping into a brighter and more prosperous future!
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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