Seeking better lives for themselves, their families and their community, ten women have formed the Friendship Bridge Trust Bank “Sacpulupense”, meaning “People from Sacpulup”. The majority of these ladies are involved in traditional textile production, as is the case of 37-year-old María, the secretary of the Trust Bank, who has had six years of formal education. In spite of this, she is able and proud to keep accurate minutes of the Trust Bank meetings, as well as other proceedings and agreements. Maria has eight children. She joined the Trust Bank in order to obtain a loan which she will use to purchase good quality thread and other supplies to create typical tablecloths and napkins. She wants to attract more clients and intends to improve her designs so that they are unique and more in demand.
Maria feels happy because, along with her husband, the couple has been able to send their children to school. When the children are not studying, they work with their parents in the textile business which allows the family to create and sell more of their products.
Maria also participates in the monthly educational trainings of her Trust Bank, where a Friendship Bridge Loan Officer presents information on essential topics such as effective business practices, including proper accounting, budgeting, and customer service, women’s rights, self esteem and health as well as nutrition and medicinal plants. Friendship Bridge calls the combination of education and loans “Microcredit Plus”.
Transforming themselves into empowered women eliminating poverty, Maria and her friends in the “Sacpulupense” Trust Bank see a brighter and more hopeful future. Thank you, KIVA investors, for your participation and good will!
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