Total loan: $5,375
Totonicapan, Totonicapan, Guatemala / Clothing
Flag of Guatemala
Centro Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy the traditional skirts (cortes), blouses (huipiles), colorful aprons and earrings.
Centro Group's story
The Friendship Bridge Trust Bank Centro is in Totonicapán, a city located in a cool area of Guatemala’s Western Highlands. Centro has nine hardworking members whose small businesses are selling shoes, traditional wrap-around skirts called cortes, and sports clothing. They have completed their first loan cycle with Kiva investors and have made great progress with their businesses. The ladies are pleased with the monthly trainings they have with a Friendship Bridge Facilitator who helps them learn how to improve their businesses with lessons in budgeting, controlling expenses, saving, and investing. They also learn how to improve their health through good nutrition and hygiene. Friendship Bridge calls the combination of loans and education Microcredit Plus. It is very effective! Teresa is a member of the Trust Bank who is happy to have completed her first loan cycle and is now requesting another to buy the traditional skirts (cortes), blouses (huipiles), colorful aprons, and earrings. She is 49 years old, married and has three children between the ages of 14-26. Teresa is very pleased her children have been able to study through high school. Teresa and her friends in Centro are very grateful to Kiva investors for these much-needed loans for their small businesses that help them increase their inventories and profits. Thank you!