Florecer Group’s story
The Friendship Bridge Trust Bank “Florecer”, a Spanish verb meaning “to flourish” is located in the department of Totonicapan and is beginning their second loan cycle with KIVA. The 8 ladies in the group say that their first loan cycle yielded positive results. Their businesses include animal husbandry, convenience stores and tailoring. They benefitted from the educational trainings at their monthly meetings, part of the “Microcredit Plus” Program of Friendship Bridge (loans + education). Virginia is the 38 year old President of the group who has a 4th grade education. She has 6 children who range in age from 20 months to 21 years of age. She is a seamstress and sews pants. Because September is the beginning of the high season with holidays and graduations, Virginia would like to secure capital to buy a sewing machine that she hopes will help her to diversify and increase her inventory of pants popular with her clientele. Virginia has learned a lot about managing her business through the educational trainings she has participated in each month. Especially relevant have been those dealing with planning and investing. She has learned to care for herself and her family with new insights into nutrition, hygiene, health and the use of medicinal plants. Thank you, KIVA investors, for helping these ladies in “Florecer” to really flourish! You are helping them step into a brighter world, benefitting themselves, their families and their community in Totonicapan!
In this group: Florinda Antonia , Margarita , Virginia , Rosa Vilma , Rosa Angela , Isabel , Olga Carmelina , Isabel
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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).