Fuente De La Esperanza Group 2
As soon as I was introduced to the women of the group they woke me up from my dreamy thoughts about Santiago de Atitlan. They exposed how hard it is to live in a town which is overwhelmed by poverty, which in this case was reflected in crime and drug abuse. The 30-year-old civil war has also left a big swath of painful memories, they tell me. Despite all this, the women are very proud of their skilful art and the culture they have managed to protect, says Dolores.
Most of the women are weavers. They weave the typical Santiago de Atitlan guipiles and pantalones: beautiful typical blouses known throughout the country for their handsome embroidery. Artisans will embroider beautiful birds and Mayan symbols. Five of the women work in the art of making jewellery as does Maria, the president. Elena sells fish she imports from the Pacific coast area. And the two other women sell clothes from a little stall in town.
Being part of the trust bank brings the women a lot of enjoyment. Maria tells me that the lessons they had 2 years ago about medicines and family planning were very helpful. They like to get together to talk about their lives. The elder women with years of experience help the younger women to set up a business. They are a close group who have been together for over 5 years! Being able to export their goods is a big dream for some of them. This way they should be able to get a fair price for their goods to keep their families running.
Some of the women desire to send their children to school in the city because there are more chances for a better education and a more promising future. I leave the group with great admiration of their calm but deeply-held views on life and feel they really deserve to have all the successes they dream might come to 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