San Miguel Group
A loan of $4,350 helps a member to purchase seasonal fruits in bulk, like mangoes, mandarins, watermelons, and bananas.
San Miguel Group’s story
San Miguel Group is a Trust Bank with six indigenous Maya women members. They are from Quiché, a department located in Guatemala’s high mountains. The hardworking women from this community are starting their second loan cycle with Kiva. They are working as vendors of fruits, vegetables, and tortillas.
Albertina is the Treasurer of her Trust Bank. She is 34 years old and a mother of two children, ages two and five. She has never learned to read nor write. Albertina has a business, selling fruits in her community’s local markets. With the loan share that Albertina is requesting, she will be able to purchase seasonal fruits in bulk, like mangoes, mandarins, watermelons, and bananas. In addition, Albertina will be able to grow her business and provide basic necessities for her children, such as food, clothing, and education.
Friendship Bridge works with Kiva lenders to provide a means for a new life for clients like Albertina, through the “Microcredit Plus” program (loans plus education). This program empowers women to build their own ways out of poverty. In addition, clients are able to learn about four valuable topics, covering women’s empowerment, health, family, and entrepreneurship, to propel themselves and the community into brighter futures.
Albertina and the women from her Trust Bank extend their gratitude to Kiva lenders. Your support through Friendship Bridge has helped women in developing areas to find a way out of poverty, for themselves and their children.
In this group: Agustina , Juana, Wendy, Albertina , Maria Feliza, Catarina
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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).