Rating: 4.5 stars 2 reviews
Issues: International, Economic Development, Microfinance
Location: 405 Urban St Suite 140 Lakewood CO 80228 USA
Target demographics: Rural, impoverished women in Guatemala
Direct beneficiaries per year: In 2014, Friendship Bridge empowered more than 22,000 Guatemalan women with microcredit and education.
Geographic areas served: 10 departments throughout Guatemala
Programs: Microcredit Plus -- microcredit combined with nonformal education on relevant topics such as business, health and self-esteem.
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I have been a supporter of Friendship Bridge for several years, and recently joined a board committee. This summer, my daughter was a volunteer intern with FB in Guatemala. I know the director fairly well, starting before she joined the organization. Karen is a business powerhouse and is doing great things for the organization. She is also very visible and well connected in the community. Previously she had a very high powered job in the equipment leasing division of Key Bank.
I am a finance person, and have looked at the organization's 2012 Form 990. The net cash flow is positive and the balance sheet looks fairly strong with over $1 million of cash reserves. I have visited women that they serve in Guatemala, who had used loan proceeds to start small businesses and were very appreciative.
I am very involved in the non-profit world and am completely impressed by this organization.
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