Total loan: $4,375

Jadillas Group

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Sacualpa, Quiché, Quiché Department, Guatemala / Arts

Jadillas Group's loan finished fundraising,
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A loan helped to buy a variety of high quality German threads in various colors at the wholesale level.

Jadillas Group's story

The President of the Friendship Bridge Trust Bank “Jadillas” is 41-year-old Margarita. She is married with seven children ages 7 months to 18 years. The family lives in a humble adobe home with a corrugated metal roof. Margarita employs three people who help her with her traditional textile business, making bedspreads.

She is requesting her first Kiva loan to buy a variety of high-quality German threads in various colors at the wholesale level. She shares that thanks to the infusion of capital, she will be able to buy the necessary supplies and increase production. Margarita wants to raise the standard of living for her family and give her children as much education as she can afford.

There are nine Maya K’iche ladies in the Trust Bank who live in the department state of Quiche. Only a few speak and understand Spanish, the national language of Guatemala. None of the women have attended school and so their monthly educational trainings, part of the “Microcredit Plus” program of Friendship Bridge (loans, education, healthcare) are essential to their growth and success.

The themes for the educational sessions give the women information about their businesses (planning, budgeting, investing, savings), their families (health, hygiene, nutrition, use of medicinal plants) and themselves (self-esteem, empowerment, women’s rights and roles). Margarita and her friends send their gratitude to Kiva investors for funding their much needed loans. Thank you!