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Total loan: $6,375
Totonicapan, Totonicapan, Guatemala / Clothing
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Arcoiris 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 variety of threads, and more chickens to raise.
Arcoiris Group's story
The Arcoiris Trust Bank was formed by 14 enthusiastic and hard-working women. The group named their trust bank Arcoiris (rainbow) because the rainbow resembles the spectrum of colors used in their traditional clothing. This group is located in the village of Juchanep, which is a rural community about 30 minutes away from downtown Totonicapán in southwestern Guatemala. The languages spoken in Juchanep are Spanish and K'iche. The Arcoiris Trust Bank will be starting their sixth loan cycle with Friendship Bridge. The women are anxiously waiting for their new loans, which will help fund their various businesses and enable them to prepare for the village fair, which is set for June 2012. The fair is one of their biggest selling events of the year. Nine of the Trust Bank members are weavers and the others are involved in commerce activities of some sort. Paulina is one of the founders of the Trust Bank. Named after her grandmother, she only has a second-grade education but is a very proactive and dynamic woman. Paulina is 36 years old, has four children and is currently the president of the Arcoiris Trust Bank. Paulina has worked in the textiles industry for 15 years. Her business has grown considerably over the years, and she currently has two full-time employees. Paulina and her employees are able to make nine cortes (typical skirts) a week, but in high demand seasons, they work longer hours and can produce enough cortes to keep up with demand. In addition to her textile business, Paulina recently started raising chickens. With this new loan from Kiva, Paulina plans to buy a variety of threads to make several cortes that clients have ordered, and she plans to buy more chickens to raise. Paulina's dreams are to employ at least two more people and to continue to support her children's education. The Arcoiris Trust Bank members appreciate the support Kiva lenders provide and the trust Kiva lenders put in their businesses, which helps the Trust Bank members' families and improves their lives.