100%

funded

Total loan: $5,575

Cruzche Iii Group

Quiche, Quiche, Guatemala / Agriculture

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A loan helped to buy chickens, pigs, calves, and palm leaves.


Cruzche Iii Group's story

Nine Maya K'iche women formed the Friendship Trust Bank "Cruzche III" in a rural area of the Department of Quiché in the highlands of Guatemala, where their humble homes are made of adobe with sheet metal roofs. Most of them have no education but know its importance, and so work hard to provide an education for their children.

The women are enthusiastically looking forward to beginning their sixth Kiva loan cycle. They plan to invest the funds into their businesses raising animals and weaving palm crafts by purchasing more animals and raw materials for their handicrafts.

The group's treasurer is 43-year-old Fermina. She has seven children over six years of age. Fermina did not attend school, but is striving to provide a complete education for her children. In order to do so, Fermina has two businesses, raising animals and weaving hats out of palms. She is requesting a loan to buy chickens, pigs, calves, and palm leaves. Fermina wants to take advantage of the year-end holidays to invest in her businesses to increase her sales.

More than 28,000 low-income women receive three great benefits (access to small loans, training, and medical care) through the Friendship Bridge. The women learn about health, hygiene, nutrition, and self-esteem. They also obtain useful business tools such as budgeting, investing, and the dangers of over-indebtedness. Fermina participates in this program called "Microcredit Plus" and reports she has learned so much about business management. Thank you, Kiva!