Mujeres Activas Group
Among the group is María, a 41-year-old woman, who is married and has eight children (four girls and four boys), five of whom are still in school. One of her children is starting seventh grade this year, which is a benchmark year, since most children drop out by the sixth grade, if they make it that far. In fact, María did not have the opportunity to attend school at all. For several years, María and her husband have devoted their energy and resources to agricultural activities. They grow vegetables such as carrots, radishes, cabbage, cauliflower, and potatoes on seven acres of land. They sell their products in nearby markets. Maria also engages in the purchase and resale of vegetables while she is at the market, so that she leverages the use of her time.
María is an enterprising, able woman who has designs to grow her economic prospects. With this loan, she wants to add two new small enterprises: growing flowers and raising chickens. She intends to use the loan to buy vegetable seeds to augment her current business, flower seeds, and four-dozen chickens. This is what María says of her loan, "I am delighted to receive this new loan, and I'm very eager for my two new projects, and my family supports me."
The 14 women of Mujeres Activas are very active and participatory. They love to participate during the monthly trainings delivered by a Friendship Bridge staff, where they discuss topics such as women's health, hygiene, children's rights, self-esteem, business administration, and money administration, among others. The Mujers Activas group is thankful for the support that the Kiva investors provide for them.
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