100%

funded

Total loan: $2,825

Nuevo Retono Group

Flag of Guatemala
Totonicapan, Totonicapan, Guatemala / Arts

Nuevo Retono 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 sewing machine.


Nuevo Retono Group's story

Juana, an exceptional 21 year old single woman, began her weaving (traditional skirts/”cortes”) business 5 years ago. Now, she has 2 employees who work on 2 floor looms. She plans to start another business sewing aprons and traditional blouses. Some of her income supports the household expenses that she and her mother share. Juana is requesting her 1st KIVA loan to buy a sewing machine. Six Maya K’iche women have joined with Juana to form the Friendship Bridge Trust Bank “Nuevo Retono” . They have elected Juana to be their Secretary. All of the women weave “cortes” and sew clothing. The department/state of Totonicapan is well known for weaving traditional clothing, especially “cortes’. The women meet monthly, make loan payments and participate in educational trainings, part of the “Microcredit Plus” program of loans, education and health care services. As they have little or no formal education (Juana attended school for only a few years), their monthly educational trainings that cover an aspect of 4 topics (health, business, women’s issues, family matters) are vital to their success. Every other month, they have access to basic health care services. A visiting nurse offers all kinds of services, exams and consults. This is a critical component of the program as the health care system in Guatemala is underfunded and stretched thin. Thank you, KIVA investors, for your kindness in funding these much appreciated loans. These ladies are opening doors to a brighter future!