Mujeres En Accion Group
Evelin is the 38-year-old, charismatic president of the Trust Bank. She is married with three children. She is requesting a loan to purchase supplies for her beauty salon, including sets of make up, hair dyes and other items. She wants to meet the desires of her clients and expand her business. Evelin is determined to be successful in every way.
The women of the Trust Bank are greatly empowered by the educational component of their monthly meetings with a Friendshp Bridge Trust Bank Officer. Their families are aided by the information that the ladies receive on nutrition, health, hygiene and the use of medicinal plants. Their businesses grow as they learn about effective business management practices including budgeting, accounting, customer service, marketing and pricing. Their self-esteem is enhanced as they learn about women’s rights. “Microcredit Plus” is what Friendship Bridge calls the combination of education and loans.
Evelin, along with her friends in the “Women in Action” Trust Bank, shares that the group is appreciative to Kiva investors for funding their loans. They are committed to fully repaying the loans on time. We look forward to reporting on their progress. Thank you, Kiva investors!
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