100%

funded

Total loan: $2,950

Nueva Esperanza Chuaquisis Group

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

Nueva Esperanza Chuaquisis 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 variety of fabrics, as well as different colors of thread, so that she can have plenty of supplies on hand for her business.


Nueva Esperanza Chuaquisis Group's story

Nine Maya K’iche ladies, who live in the department/state of Totonicapán, participate in the “Microcredit Plus” program of Friendship Bridge (loans, education, healthcare). They have formed the Trust Bank “Nueva Esperanza Chuaquisis”.

The women are beginning their first loan cycle with KIVA. They plan to invest the capital into their businesses that include traditional textile fabrication. The ladies learn to manage their loans as they gain information about effective business practices at their monthly meetings. They learn about budgeting, planning, investing and savings, as well as about health, hygiene, nutrition and the use of medicinal plants. Because the women have little or no formal education, these sessions are essential to their success.

The Secretary of the group is 23-year-old Juana who is married with a 2-year-old son. She has no formal education but is determined to provide it for her son. She has a traditional textile business, embroidering and weaving colorful blouses called “huipiles”. Juana employs six other people who are then able to support their own families! She is requesting a loan to buy a variety of fabrics, as well as different colors of thread, so that she can have plenty of supplies on hand for the business.

Thank you, KIVA investors, for learning about Juana and her friends and for funding their much appreciated loans! They are marching ahead and determined to create pathways out of poverty.