100%

funded

Total loan: $4,875

La Reforma Group

San Cristobal Totonicapan , Totonicapán Department, Guatemala / Retail

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A loan helped to buy inventory for her store and a variety of spools of thread.


La Reforma Group's story

Most of the 30,000 ladies who participate in the “Microcredit Plus” program of Friendship Bridge have little or no formal education. This is true of Miguelina, the President of the Trust Bank “La Reforma,” who lives in a rural area in the department/state of Totonicapan. She is 46 years old and was unable to attend school. Nevertheless, Miguelina is determined, smart, and for 3 years has had her own convenience store. She also helps her husband at his weaving business. The couple has two sons who are 5 and 20 years old. The older son attended school until the 9th grade. Miguelina needs a Kiva loan to buy inventory for the store and a variety of spools of thread.

Miguelina calls the monthly Trust Bank meetings to order and the 10 other Maya K’iche' ladies make their loan payments. Then, they participate in educational trainings where they acquire basic business management tools (planning, budgeting) that help them with their traditional textile, regional snack food businesses, and convenience stores. Miguelina shares that she really enjoyed learning about savings, business administration, and investing. In addition, the women become more empowered and confident as they learn about health, hygiene, nutrition, and the use of medicinal plants. Every other month, they have access to health care services. (The child in the picture is the son of one of the members of the communal bank).

Thank you, Kiva investors, for partnering with Friendship Bridge!