Total loan: $4,925

La Esperanza Group

Quiche, Quiche, Guatemala / Arts

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A loan helped to buy more supplies including ribbons, beads, thread and sequins for her embroidery business.

La Esperanza Group's story

The state of Quiché is located in the western region of Guatemala, divided into diverse rural communities. The population is characterized by its strong work ethic. The women in this region proudly wear their traditional clothing, with colors and designs that are taken from nature. Nine women make up the trust bank “La Esperanza” or “The Hope”. They are all from the indigenous group of K’iche’. All women in the group have studied up to the sixth grade. On average, the women have three children. This will be their first loan cycle with Kiva.

Zoila a member of the group is thirty-two years old. She is married and has two children (8 and 3 years old). The oldest is in the second grade. Zoila’s dream is to see her children be successful and with a complete formal education. Zoila is also the president of the trust bank.

Zoila’s business is the embroidery and elaboration of blouses of different styles and designs. She has asked for a loan so that she can buy more supplies including ribbons, beads, thread and sequins. Since being a part of the program, Zoila has noticed a growth in her business. She is now distributing more products and to more people in nearby communities. With her earnings, she is able to invest more to increase her capital and buy animals (chickens, pigs, and cows) to grow them and sell them. She knows that this investment in livestock will also increase earnings. Her long-term vision is to sell her product in other places outside of her community.

More than making a commitment to invest their loans, these women also invest their time attending educational training regarding saving, investing, and health. Thank you Kiva investors, you are helping impact the life of women and their families in Guatemala.