Total loan: $4,875

Monterrey Group

Flag of Guatemala
Retalhuleu, Retalhuleu, Guatemala / Retail

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

A loan helped to buy several pairs of shoes to sell.

Monterrey Group's story

Mercedes, age 35, is one of the few lucky women who graduated from middle school. She has several years of working experience. Mercedes is married and a mother of three daughters between the ages of 5 and 10. Her children are currently taking elementary school virtual classes. Ten years ago, Mercedes stopped working and decided to start her own business of selling personal use catalog products and fruit ice creams. She takes advantage of promotional sales to buy inventory and sells her products through social networks, such as WhatsApp. Since her sales are increasing, Mercedes needs to acquire new styles of shoes. She plans to invest her second Kiva loan to buy several pairs of shoes.

Mercedes is the president of the Puente de Amistad Community Bank named “Monterrey”, which is located in the State of Retalhuleu. She and nine other women are learning about effective business practices such as planning, budgeting, investing, and saving. They will use these skills in their businesses of selling personal use products, groceries, lingerie, and traditional food. The women have also learned to take better care of their families as a result of their training seminars in health, hygiene, nutrition, social distancing, and wearing a mask to avoid the spread of coronavirus. This combination of loans, education, and health services is called “Microcredit Plus”.

With this Kiva loan, women like Mercedes will be prepared to move forward to a brighter future. Thank you!