100%

funded

Total loan: $2,450

Sipala Group

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Santa Clara La Laguna, Solola, Solola, Guatemala / Arts

Sipala 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 large quantity of high-quality thread in various colors for her embroidery business.


Sipala Group's story

Magdalena is a married, 35-year-old mother of two children, ages 3 and 5. She shares, “When I was a child, I spent time with my grandmother watching her embroider. She had boxes filled with fabrics with drawings of flowers/fruits that were waiting to be colorfully embroidered. She and my mom taught me the basics of embroidery. I bought all the supplies including fabrics, threads and embroidery hoops. I did it for a while and then lost interest.”

Five years ago, Magdalena began to embroider again to help her husband cover the household expenses. She wants to restock her thread supply and requests her first KIVA loan to buy thread at wholesale cost.

Magdalena and six other women belong to the Friendship Bridge Trust Bank called “Sipala”. They have sewing workshops and raise poultry and pigs.

They look forward to their monthly educational training sessions where they learn about how to care for their families (nutrition and hygiene), empower themselves (women’s rights and roles), and health (washing hands, disinfecting surfaces, and wearing masks). They also acquire basic business management tools (planning, investing, and savings). Because they have little or no formal education, these sessions are essential for their success.

Every other month, the women have access to basic health care services delivered by a visiting nurse. Friendship Bridge calls this useful combination of loans, education and health care “Microcredit Plus”.

Thank you, KIVA investors, for your kindness in funding these essential loans!