Friendship Bridge
Friendship Bridge
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About this organization
Mission
Our Mission: Creating opportunities that empower Guatemalan women to build a better life. Our Vision: Empowered women choosing their own path. Core Values: -Empowerment -Respect -Solidarity -Participation -Quality -Integrity -Transparency Our History: Friendship Bridge's history began with its work in Vietnam providing medical education and shipping medical supplies to impoverished populations in war-ravaged areas. While medical supplies were positively impacting the lives of recipients, Friendship Bridge was looking for a more sustainable solution to poverty reduction — the solution was microcredit. In 1994, we shifted our focus from medical supplies to microcredit and began offering small loans to impoverished women. Our clients, indigenous women who were deemed 'unbankable,' started or expanded small businesses and began creating their own sustainable solutions to poverty. In 1998, Friendship Bridge expanded its work to Guatemala, another war-ravaged country suffering extreme poverty and offering limited opportunities to women. Friendship Bridge shifted out of Vietnam as operations in Vietnam became unsustainable due to an unfavorable political climate. Focusing solely on Guatemala, and aided by investment from American donors, the seeds of the Microcredit Plus program we know today were planted. By 2003, almost 3,000 clients were borrowing from Friendship Bridge. By 2006 the number tripled to 9,000 clients, and today we reach more than 22,000 women through our Microcredit Plus program. Since 2012, our Social Performance Management team ensures that through all these endeavors, we stay true to our mission.
About
MICROCREDIT PLUS PROGRAM IN GUATEMALA: FRIENDSHIP BRIDGE'S MICRO-CREDIT PLUS PROGRAM OFFERS IMPOVERISHED GUATEMALAN WOMEN RENEWABLE MICRO-LOANS AND PLUS SERVICES, INCLUDING NON-FORMAL PARTICIPATORY EDUCATION, ARTISAN TRAINING, AGRICULTURAL TRAINING, AND PREVENTATIVE HEALTH SERVICES. DURING 2019, FRIENDSHIP BRIDGE SERVED 32,469 WOMEN WITH LOANS AVERAGING $393 FOR FOUR TO TWELVE MONTH LOAN CYCLES. BORROWINGS OCCUR THROUGH GROUPS OF 7-25 WOMEN, EACH KNOWN AS A TRUST BANK. AT THE END OF 2019, THERE WERE 2,960 ACTIVE TRUST BANKS. DURING 2019, FB OFFERED NON-FORMAL EDUCATION TO ALL CLIENTS, PROVIDED SPECIALIZED AGRICULTURE TRAININGS TO 1,449 CLIENTS AND EXPANDED THE PREVENTATIVE HEALTH SERVICES PROGRAM, SERVING 4,633 CLIENTS.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Friendship bridge's mission is to create opportunities that empower guatemalan women to build a better life.”.
When referring to its responsibilities, they were outlined as: “See part iii, line 1.”.
- The state in which the non-profit is legally registered to operate is CO, as per legal records.
- The filing documents the non-profit's address in 2020 as 405 URBAN STREET NO 140, LAKEWOOD, CO, 80228.
- According to the non-profit's form, they have 9 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $395,684.
- The organization has 12 independent voting members.
- The organization was formed in 1990.
- The organization pays $2,979,411 in salary, compensation, and benefits to its employees.
- The organization pays $124,064 in fundraising expenses.