100%

funded

Total loan: $3,900

Las Almendras De Coatepeque Group

Genova Costa Cuca, Quetzaltenango, Quetzaltenango Department, Guatemala / Retail

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A loan helped to buy daily consumer products to stock her store shelves, in addition to chickens.


Las Almendras De Coatepeque Group's story

The treasurer of the Community Bank of the Friendship Bridge, "Las Almendras," is Marlena, 28, who has a strong desire to get ahead in life. She's a single mother of two (3 and 7 years old). To defray family expenses, she's had a small convenience store nine years. Thanks to profits from the business, she's started another business of raising animals and selling meat (pigs, chickens).

She comments that, through these businesses, she covers the needs of her home. Marlena always looks for ways to improve and in the future she wants to start new businesses. She's applying for Kiva's second loan, using her share to buy daily consumer products and chickens. In this way, she can meet demand of clientele during the holiday season.

The 10 women of this communal bank begin the second cycle of loans. They live in the Department / State of Quiché; they're from the Mayan ethnic group, Mam. They've the same goal in common, working very hard in their businesses (selling fish, chicken per pound, typical food, corn tortillas, convenience stores and animal husbandry) to help their families.

In monthly meetings, the women learn about nutrition, hygiene, health and the use of medicinal plants, entrepreneurship and business. The combination of loans, education and health, called "Microcredit Plus," is a successful way to empower women.

By financing this loan, Kiva lenders support women like Marlena to promote sustainable development for themselves and their families. Thank you!