One of the members of the Manzaneras Trust Bank is Mrs. Juana. At 36 years old, she has zero years of formal education due to the financial situation of her family, and because education for girls was not important during her childhood. Juana is the mother of a baby girl who is a year old. Juana and her husband are working hard to offer a good future for their daughter.
Juana's business is the design, development, manufacturing and sale of textiles, especially the majestic traditional huipil, as well as shawls of different colors. Due to demand, Juana has seen the need to hire seven more people in order to take all orders. She provides necessary materials, and these people work from home. Juana is requesting a new loan through Friendship Bridge which she will use to buy threads of different colors, and of the highest quality so that her business continues to grow. It currently delivers orders once a month, and she sells by the dozen as well as individual units.
Juana has spent several years in this business, but until she joined the Friendship Bridge, the business was unable grow because she could not always maintain inventory of materials. Juana also enjoys the trainings delivered once a month by a Friendship Bridge loan officer as part of its program of Micro Credit Plus, which includes loans and non-formal education. During trainings, women learn about empowerment and decision making. For that reason, Juana enjoys leadership development and is currently the president of the group.
All women of the Trust Bank Manzaneras appreciate the confidence of the Kiva lenders granting them loans to invest in their businesses.
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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