100%

funded

Total loan: $3,250

El Manantial Group

Flag of Guatemala
Comitancillo, San Marcos, San Marcos Department, Guatemala / Agriculture

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


A loan helped to buy chickens and grain.


El Manantial Group's story

There are 22 distinct Maya languages in Guatemala. One of them is Mam, which is spoken by Teresa. She is 45 years old, married, and has eight children between the ages of 10 and 28. Teresa has worked hard at raising chickens in order to pay for her children’s education. Her eldest child completed the sixth grade and got married. Her youngest two children are still in school and live with her. Teresa is requesting a Kiva loan to buy more chickens and grain to feed them.

Teresa was able to finish the second grade, which led her to being elected the president of the Friendship Trust Bank “El Manantial”, which means “the fountain”. She and the other women in her group meet each month to make their loan payments and to participate in educational seminars that are part of the “Microcredit Plus” program. Featured topics include business management, budgeting, saving, and indebtedness. This month, the women are learning how to prevent indebtedness so that their businesses can avoid being compromised. Their businesses include animal husbandry, selling shoes, selling ice cream, and selling chickens by the pound.

Teresa and her fellow group members are very grateful for the support from the Kiva lenders who are helping them become successful businesswomen!