Total loan: $4,300

Arcoiris Group

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Sacapulas, Quiche, Quiche, Guatemala / Clothing

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

A loan helped to buy blouses, skirts, pants, jackets, and underwear.

Arcoiris Group's story

Seven Maya women, who speak Sakapultek and live in the department of Quiché, are members of the Friendship Bridge Trust Bank “Arcoiris”. They are beginning their second loan cycle with Kiva, in order to invest more capital into their small businesses - convenience stores, cyber cafes, catalogue sales of clothing and beauty products. The women opened their businesses to defray their household expenses. They are an unusually educated group, with many having teaching and secretarial certificates, while others attended university.

One educated young woman is 21-year-old Kimbressy, who has a teaching certificate and is the group's secretary. Unfortunately, with a scarcity of teaching jobs, she had to open a clothing business in order to provide better living conditions and an education for her 6-year-old daughter. She is requesting a Kiva loan to buy blouses, skirts, pants, jackets, and underwear.

Kimbressy and her group meet monthly to learn how to manage their businesses better through controlling expenses, saving and investing. They also learn good health practices. Kimbressy shares, "The business topics help me to manage better so I have more control over my business!" The lessons are part of the "Microcredit Plus" program of small loans, education, and healthcare services that support 28,000 low-income Guatemalan women and help them become more empowered with greater self esteem.

Thank you, Kiva lenders, for helping the women achieve more stability.