Lucianitas Santa Lucia Group 1
The women tell me they all grew up here and for that reason, they know each other very well. Most of the women have been working on their beautiful embroideries since they were very young, as the president of the group tells me. She sells her blouses to her friends and family and some of the women present are wearing her blouses today. She and three others also sew skirts.
They sell most of their goods in Sololá which is the nearest city, about one hour away. The market days there are the best day to have good business, says Paulina. Brigida travels to a town called Godines. This is a town with an crossroads where you can go to several places and because of that, many people pass by. That's why she decided to travel the 2 hours a couple of times a week to sell her goods.
Genara tells me she went to school for four years only, and she started helping her parents from then on. It is her wish to see her children who are at university now get a degree so they have more choices in what their occupation could be. Having her business means having the means to support her children in their journey to become the professionals she was not able to become. These women are struggling for a noble cause; let's support them in their struggle.
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