Amistad San Juan Group
María is the President of the Trust Bank which is a perfect position for her. She has great leadership skills and transmits confidence and security to the group. Maria clearly exemplifies how one determined woman can break the cycle of poverty with the necessary tools and create a more prosperous life for herself and her son. She is determined that her son have a more prosperous life and realizes that education is essential.
Friendship Bridge combines small loans and participatory non-formal educational seminars in the monthly meetings of each Trust Bank. This is called “Microcredit Plus”. A Loan Officer of the organization shares information on practical subjects like money management, budgeting and accounting as well as indebtedness and customer service. Other topics discussed include hygiene and nutrition, self esteem and violence against women and getting children ready for school.
Maria and the women of the “Amistad Trust Bank” face a far more positive and prosperous future with their small loans and newly acquired knowledge. Kiva investors are real partners in the Microcredit Plus Program of Friendship Bridge. 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
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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Success!! The loan was 100% repaid