With the weaving machine she and her husband can make 30 dozen in one month, making a profit of about US$.70 on each item. They deliver them to a reseller in Guatemala City for resale. She and her husband turned to Friendship Bridge for credit in order to increase their output, which is on track and they are accomplishing their objectives in this second cycle of credit. Now that they have more working capital they can purchase in bulk and have the material they need for their weaving.
Angelina and her husband have 6 children under the age of 10, and the kids that should be in school are studying. She herself completed only the second grade.
Here is a video of the paperwork meeting that Angelina attended to apply for this loan.
Written by Nancy Lewis and Randy Fay, Kiva Fellows
About Friendship BridgeThis 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).
70View loans »