100%

funded

Total loan: $5,125

El Quetzal Group

Momostenango, Totonicapán, Totonicapán Department, Guatemala / Retail

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A loan helped to buy cell phones and chargers, backpacks, school supplies, and more chickens and pigs.


El Quetzal Group's story

In a small village surrounded by pine trees and low clouds in the department/state of Totonicapán, lives 8 ladies, all of whom have no formal education and formed the Friendship Bridge Trust Bank “El Quetzal”. A “quetzal” is the national bird with brilliant green plumage with accents of red and turquoise. It is also the monetary unit of Guatemala. The women of “El Quetzal” meet monthly to make loan payments on their businesses that include convenience stores, personal care products, tortilla shops, and small restaurants (Mexican tacos). They also participate in educational trainings, which is part of the “Microcredit Plus” program of loans, education, and healthcare services. The educational trainings are vital to their success and give them essential information about effective business techniques (planning, investing, and savings), and how to care for their families best (nutrition, hygiene, health) and themselves (self esteem, empowerment). This is the beginning of their 4th KIVA loan cycle.

Modesta, a 32-year-old mother of 5 children (of ages 1 to 11), is a member of the group and has 3 years of formal education. She has 2 businesses: a small general store and farmyard. With her income, she has been able to send her 3 oldest children to school. Modesta is requesting a KIVA loan to buy cell phones and chargers, backpacks, school supplies, and more chickens and pigs.

These women are ready to expand both their businesses and income. They send their gratitude to KIVA investors from all over the world!