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Oct 19, 2016 6:50 EST

Guatemala: Villas Del Sol Group – A loan of $4,650 helps a member to buy the latest styles of clothing.

iCrowdNewswire - Oct 19, 2016

Villas Del Sol Group

Guatemala
 
 
Borrower image
 

Villas Del Sol Group’s story

The nearly 30,000 clients of Friendship Bridge have a variety of small businesses, ranging from small farms & orchards, convenience stores & tortilla shops, to traditional textile production.

Adelina, a member of the Friendship Bridge Trust Bank “Villas del Sol” in the department/state of Santa Cruz El Quiché, has a small locale in her marketplace where she sells new clothing for men, women & children.

Since the end of the year with holidays & graduations is approaching, Adelina is requesting a loan to buy the latest styles of clothing.

This is the second loan cycle for the 11 women in the Trust Bank, and they are excited to have access to capital for their businesses (food sales & new clothing sales).

Adelina has no formal education, but is motivated to educate herself & has enrolled in the first grade at an adult school. She also participates in the educational sessions of her monthly meetings, part of the “Microcredit Plus” program (loans + education) of Friendship Bridge. These sessions are critical for personal, family & business development. They are taught in the indigenous language of the ladies by a facilitator from Friendship Bridge who uses role playing, games, pictures & diagrams.

Adelina wants her 3 kids, who range in age from 4-18, to have a formal education, finish high school & find good jobs.

The ladies send a round of applause to KIVA investors for believing that they can create a more successful & prosperous future!

In this group: Hilaria, Rosa , Adelina, Ana , Isabel , Lidia, Leandra , Santos , Lira Marisol, Jeronima Gregorio, Hilda Lizeth
*not pictured

Show previous loan details

This loan is special because:

Clients receive in-depth trainings on business, health, over-indebtedness, and self-esteem. 

Kate
Kiva staff 

More about this loan 

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).

A loan of $4,650 helps a member to buy the latest styles of clothing.

Contact Information:

Villas Del Sol Group

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