100%

funded

Total loan: $3,950

Mujeres De Racana Group

Santa María Chiquimula, Totonicapán, Totonicapán Department, Guatemala / Arts

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A loan helped to buy various colors of high quality thread for the business.


Mujeres De Racana Group's story

The department/state of Totonicapán has various Friendship Bridge Trust Banks that are funded by KIVA investors. The “Mujeres de Racana” Trust Bank is one of them that was formed by 9 Maya K’iche ladies who are beginning their first loan cycle with KIVA. Their businesses range from traditional textile production (colourful belts or “fajas”, ornate blouses or “huipiles”) to the sales of shellfish in the local market. The women look forward to their monthly meetings when they make payments on their loans & participate in educational training that helps them with their businesses (planning, investing, savings), their families (nutrition, hygiene), and themselves (health, self esteem, empowerment). The combination of loans and education is called “Microcredit Plus”.

Justina, the 38 year old President of the Trust Bank, has a 6th grade education. She is the mother of 2 children (13 and 18). Justina has a traditional textile business & weaves beautiful belts that she sells in 2 nearby markets. The demand for these beautiful belts is so high that she employs 6 people & is able to fill orders of 15-20 dozen belts each week. Justina is a real “fountain of development” in her community & highly regarded. She is requesting a loan to buy various colours of high quality thread for the business. The funds will help her increase production and fill orders.

Justina and her friends express their gratitude to KIVA investors for funding their much needed loans. Thank you so very much.