Las Margaritas De Atitlan Group
The women from the Margaritas de Atitlan group from Santiago Atitlan enjoy their community and like working in a group. Their main business activities are weaving and embroidery. They weave some items from the traditional indigenous outfit and embroiders the colorful designs on the top, which is known as a guipil. They sell these pieces to either intermediaries, local buyers or to people who order beforehand in the markets of Santiago and Panajachel, Lake Atitlan’s largest towns. During the rainy season (these months) their sales drop substantively. Otherwise, their microenterprises are doing well.
This credit has enabled them to invest in their small businesses. However, they consistently need more capital to continually spur the growth of their businesses. The credit they have requested will help them invest in not only cloth, dyes and thread, but in larger investments such as sewing machines and equipment.
The words of Maria del Carmen sum up the general sentiment of the mothers from this group, “I desire a better future for my kids and family.” She wants to enlarge the business so that life is a little easier.
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).
This is a Group Loan
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Success!! The loan was 100% repaid