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Las Joyas Group
In this Group: Hortencia Maribelita , Eva Hermenegilda , Olivia Santa , Elsa Marleny , Cristina Petrona , Angelica Maria , Emilia Consuelo , Santos Isabel , Maria Rebeca , Karina Adilia Carlota , Rosa Leticia Etelvina
Rosa Leticia is a 19-year-old member of the “Las Joyas” (meaning “The Jewels”) Trust Bank. She is a single woman who graduated from high school last year. She is enrolled in college for her first semester, studying to be a teacher. Rosa, along with two of her family members, have a weaving and embroidery business. They create the beautiful and colorful textiles that are so valued in Guatemala and beyond.

Because Rosa wants to expand her business, she has applied for a loan of approximately $384 with Friendship Bridge. She will use the loan to purchase a new sewing machine in order to create more textiles and earn more income. With the additional funds that are generated, Rosa will be able to support her family, pay an employee and pay her tuition. She hopes to earn her degree in three years. She is quite excited about the loan!

Rosa finds the monthly meetings quite valuable. She learns from the other women in the Trust Bank who are older. She looks forward to the additional training that she will receive during this loan cycle. Subjects to be discussed include business administration (budgeting, money management, costs) as well as several topics relating to women’s health and family.

The Trust Bank, “Las Joyas” is looking forward to making progress in their lives as a result of these loans from Kiva investors. They intend to work diligently to create a better and more prosperous future for their families and community. They understand what a wonderful business opportunity this is and plan to repay a portion of the loan on time each month. They express their gratitude to Kiva investors!

Additional Information

About Friendship Bridge

This 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.

About Guatemala

  • $5,300
    Average annual income
  • 54
    View loans »
    Guatemala Loans Fundraising
  • $12,573,175
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Joyas Group's $4,025 loan helped a member to buy a new sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2013
Jun 18, 2013
Currency Exchange Loss:
Jun 17, 2014