Total loan: $5,650

El Recuerdo Group

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Chicacao, Suchitepéquez, Suchitepequez, Guatemala / Food

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

A loan helped to buy a bull to butcher and sell the meat!

El Recuerdo Group's story

Indigenous Guatemalan women have been caught in generational cycles of poverty, as well as very limited access to education and health care services. The 30,000 underserved ladies who participate in the Friendship Bridge “Microcredit Plus” program of loans, educational trainings and access to health care services are determined to empower themselves, educate their children and eliminate poverty.

One of these ladies is 40-year-old Magda, the treasurer of the Friendship Bridge Trust Bank “El Recuerdo”. She began her car washing business 13 years ago. In addition, she sells beef once each week in the local market. End-of-the-year parties and celebrations are fast approaching. Magda would like to buy a bull to butcher and have plenty of meat on hand to sell her to customers. With her income, she will be able to pay the educational expenses of her 2 children who are in high school.

There are 11 ladies in the trust bank who live in a coastal area in the department/state of Suchitepequez. They have food carts where they cook fried chicken, sell sheets and beef, and also have “tuk tuk” or “mototaxi” businesses. Others have small food stands. They learn to manage their loans in their monthly meetings when a facilitator shares information with them about business, health, family and women. Every other month, the ladies have access to basic health care services. Friendship Bridge calls the combination of loans, education and health care “Microcredit Plus”.

Thank you!