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Providing microcredit and education to help women and their families create their own solutions to poverty
According to a World Bank study, Guatemalan women have the lowest level of economic activity rate in Latin America. Isolated by language and geography, and often bearing the scars of a violent thirty year civil war, many live on less than $2 per day.
Through our programs of microcredit and education Friendship Bridge offers Guatemalan women a chance for a better future for themselves and their families. Small renewable loans of as little as $100 allow them to start or enhance their own small businesses such as weaving, animal husbandry or growing and selling grains and vegatables.
Each borrower becomes part of a group of women who agree to take responsibility for each other's loans. This social collateral enhances accountability and promotes integrity and dignity within the loan group. These groups, or trust banks, foster an effective network of support.
The women help each other overcome obstacles while learning about buisiness development, self esteem, life skills and basic health during the non-formal education offered at regular repayment meetings.
Friendship Bridge has been providing microcredit services since 1994. Having initiated loans for well over 20,000 women, we know that microcredit and education is a powerful model for alleviating poverty. Our commitment to work with rural, largely indigenous women sets us apart from many microfinance organizations.
- Caitlin Scott
- 303 674-0717
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