Mujeres Benditas. Group
Ingrid Yolanda, a 25 year old woman, has followed her mother into Friendship Bridge. Her hard working and dedicated mother has set a great example for her daughter. She has achieved many of her goals and Ingrid has witnessed this! She is motivated by her children who give her inspiration and strength and she states that they are her primary focus. Ingrid and her husband live in the rural community of Xepatan, Patzun, and Chimaltenango, Guatemala. They have worked in agriculture for several years. However, last year she decided to make a change in her business life and opened a small storefront. By doing this, she could realize a faster turnaround in her financial capital. Ingrid is very pleased and inspired with the result that this loan has brought to her life.
Ingrid shares that her business is doing well. For the holiday season, she has decided to include the sale of fireworks as well as seasonal produce like grapes, apples, and pears. For this reason, Ingrid sought her first loan with Friendship Bridge. It will be invested to increase her shop inventory, and to buy the seasonal product, mentioned above. With her business profit, she will be able to send her oldest daughter to school in January! Ingrid is a woman with great desire to excel, not only for herself but for her family as well.
“Mujeres Benditas” acknowledges the support and trust of the many KIVA supporters and investors around the world. They are most appreciative the opportunity to secure a loan which not only benefits them but their family and community as well
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