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Vision Group
In this Group: Florinda , Marta Vicenta , Alicia Susana , Cecilia , Juana , Encarnacion , Isabel Reyna , Maria , Sebastiana Teresa , Santos Irma , Rosa Virginia, Tomasa

Update on Vision Group

In June, 2012, the Friendship Bridge Trust Bank Vision received a loan through Friendship Bridge funded by Kiva investors. Last May, the group successfully paid it back in full! Currently, the twelve members of the Trust Bank are requesting an additional loan, funded by Kiva investors through Friendship Bridge.

This Trust bank is located in the hills of San Francisco El Alto in the department of Totonicapan, Guatemala. The local economy thrives on hundreds of small family-owned and operated clothing fabricators. People in the area are also engaged in weaving as well as animal husbandry.

Florinda is a 40-year-old married member of the Trust Bank. She has six children who range in age from 7 months to 15 years. Florinda and her husband are both tailors and produce tee-shirts. Due to high demand, Florinda is requesting a new loan which she will use to invest in a new sewing machine. It is important for her to keep her production line moving. Florinda is so grateful to have access to working capital which not only benefits her but also her family. She realizes the importance of education and wants to keep her children in school.

The ladies of the Friendship Bridge Trust Bank Vision have created a strong circle of support with each other. In each monthly meeting, they emphasize the confidence and accountability that they have with one another. Their goal to continue together for many more loan cycles and maintain an excellent credit record. In addition, they are gaining a lot of useful knowledge each month with the Friendship Bridge Loan Officer who presents various educational trainings on relevant and useful themes like money management and budgeting, nutrition and health, women’s rights and self-esteem. It is the combination of the loans and education that makes the Microcredit Plus Program of Friendship Bridge so useful for the women. They can step into a more prosperous, successful and educated future, ensuring that future generations will not have the same struggles as they have experienced. They want to share that they are very grateful to Kiva investors for believing in them and funding their loans.

Previous Loan Details

In the hills of San Francisco el Alto, Totonicapán, Guatemala, where many people are engaged in clothing production, animal husbandry, and weaving, lives María and her family. María is a 30-year old married mother of two. Although María was only able to attend school through sixth grade, she now ... More from Vision Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 59
    View loans »
    Guatemala Loans Fundraising
  • $12,391,125
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Vision Group's $4,475 loan helped a member to buy different fabrics and thread.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 18, 2014
Feb 24, 2014
Currency Exchange Loss:
Jan 17, 2015