100%

funded

Total loan: $3,250

Las Amigas Group

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San Juan Ostuncalco, Quetzaltenango, Quetzaltenango Department, Guatemala / Food

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A loan helped to use the capital of her second Kiva loan to buy tools to maintain the food cart, and buy food ingredients and new shoe styles.


Las Amigas Group's story

Quetzaltenango is one of the Departments (state) with the highest concentration of artisanal and industrial commerce and the manufacturing industry. Here live seven women who make up the Community Bank of Friendship Bridge, Las Amigas. They have obtained success in business, thanks to the access of small loans. To continue investing in the businesses of personal use products by catalog, sale of shoes, regional food and raising of farm animals (chickens, ducks, cows), they apply for their second Kiva loan.

The group secretary is Glenda, who lives with her husband and 4-year-old son. She is 25 years old and has received a certificate as an accountant. Glenda has occasionally worked in her profession. However, four years ago she decided to start her own businesses selling parts and shoes by catalog. In order to increase business inventory, Glenda requests a second Kiva loan. She will buy an umbrella to protect her product, tools for her food cart, and new shoe styles.

In the monthly meetings, Glenda and her companions participate in training on business, health and entrepreneurship. This is part of the Microcredit Plus program of Puente de Amistad [Friendship Bridge], which empowers women through access to loans, training, and preventive health. Glenda has learned to avoid over-indebtedness and to be responsible.

Kiva lenders are important and a development bridge for these women.