Las Margaritas Yepocapa Group
Las Margaritas Yepocapa Group’s story
The President of the Trust Bank is Sandra, who is 32 years old, married & has 4 children ages 5-13. As she attended school through the 6th grade, Sandra knows the value of a formal education. She wants each of her children to get a complete education & is happy that her eldest 3 attend school. Sandra has a small business selling typical Guatemalan dishes & fresh tortillas. Her business is so popular that she is requesting a loan to buy more food stuffs for her meals & sacks of corn.
The women of “Las Margaritas Yepocapa” are very grateful for the trust that Kiva investors have shown them by providing capital for their much needed loans. They are also grateful for the monthly educational segments of their meetings when a facilitator from Friendship Bridge shares relevant information about budgeting, controlling expenses, saving or investing. Thank you, Kiva investors, for providing the loans so that Sandra & her friends in “Las Margaritas Yepocapa” can expand their businesses, take care of their household expenses, educate their children & enjoy a brighter future benefitting themselves, their families & their little rural community!
In this group: Luisa , Sabina, Sandra, Maria Elena , Maria Veronica , Maria Del Socorro, Lucia
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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).