Rating: 4.5 stars 2 reviews
Issues: International, Economic Development, Microfinance
Location: 405 Urban St Ste 140 Lakewood CO 80228 USA
Target demographics: Rural, impoverished women in Guatemala
Direct beneficiaries per year: For the past decade, Friendship Bridge has consistently provided microcredit and education to thousands of women in Guatemala each year. In 2010, Friendship Bridge empowered more than 13,000 women.
Geographic areas served: 10 departments throughout Guatemala
Programs: Microcredit Plus -- microcredit combined with non-formal participatory 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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