100%

funded

Total loan: $3,325

Salmo 53 Group

San Francisco el Alto, Totonicapán, Totonicapán Department, Guatemala / Clothing

Salmo 53 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy two sewing machines and several rolls of fabric.


Salmo 53 Group's story

“Salmo 53” is what eight women who live in the department/state of Totonicapan have named their Friendship Bridge Trust Bank. Their humble adobe homes have dirt floors and sheet metal roofs. Fortunately, their local market is known for clothing and shoe sales and so these women are seamstresses and make shoes. They need to purchase raw materials and are requesting their second Kiva loan.

The president of the group is Rosa, who is 40 years old with a first grade education. She wants her five children (ages 16-26) to enjoy a higher standard of living, as well as have a good education. Each of them has a complete education because of Rosa's income. She is currently requesting a Kiva loan to buy two sewing machines and several rolls of fabric. Rosa wants to fill all pending orders and have supplies ready for new ones.

The women meet monthly to make loan payments and to participate in educational training, part of the Microcredit Plus program of loans, education and healthcare services. Because they have little or no formal education, these sessions are vital to their success. They acquire basic business tools, learn to support their families with better nutritional and hygienic practices, and how to prioritize expenses. They also learn about how to empower themselves and about their rights as women.



Thank you to each KIVA investor for funding these much appreciated loans!