100%

funded

Total loan: $2,675

Cerro De Oro Group

Flag of Guatemala
Totonicapan, Totonicapan, Guatemala / Arts

Cerro De Oro Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy a large quantity of wood, varnish, and various colors of paint.


Cerro De Oro Group's story

The Friendship Bridge Trust Bank named “Cerro de Oro” was formed by six Maya K’iche ladies who live in the cold Department of Totonicapán in the western highlands of Guatemala. They are beginning their first loan cycle with Kiva and are excited about expanding their small businesses and participating in the “Microcredit Plus” program (education + loans) offered by Friendship Bridge. At their monthly meetings after transacting business on their loans, the women participate in educational seminars that open their eyes to many new possibilities. They empower themselves (self-esteem, women’s issues), strengthen their families (nutrition, hygiene), and learn to effectively build their businesses (planning, budgeting, savings).

Florinda, a 46-year-old member of the group, works with her husband and children fabricating articles made of wood like the marimba, (the national instrument of Guatemala), as well as wooden toys like trucks and buses. They also make wooden chests that they distribute to various nearby locales. She is requesting a loan to buy a large quantity of wood, varnish, and various colors of paint. Florinda is pleased that some of her income is earmarked for the education of her three children (ages 10 to 22) who are enrolled in primary and high school.

The women indicate that they appreciate the Kiva lenders a great deal. Without the loans, they would be unable to create more prosperous lives and a brighter futures for themselves and their families. Thank you, Kiva lenders!