Total loan: $4,125
Arca De Noe Group
Quetzaltenango, Quetzaltenango, Guatemala / Retail
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A loan helped to stock her store.
Arca De Noe Group's story
The Trust Bank “Arca de Noe” or Noah’s Ark is located in the busy commercial neighborhood of San Antonio, Quetzaltenango Guatemala. It was formed three years ago and consists of ten members. Three of the ladies are new to the group and are quite excited about the possibilities that they will have with a loan and some education. Most of the women are engaged in selling food such as tortillas and bakery items, or are owners of small shops selling items for daily consumption. Roselia is a 49-year-old new member of the Trust Bank. She is divorced and lives alone with her eight children. Four of the children are still in school. Rosalia owns a small shop where she sells items for daily consumption. She started her business with only 500 GTQ or $65 U.S. The business has increased and covers the expenses for the family to sustain itself and for the children’s education. Roselia is requesting a loan from Friendship Bridge to stock her store. She will buy items like rice, beans, oil, sugar, pasta, salt, juices and much more to meet the demand of her customers. As the business is successful, it can grow more with financial capital. Rosalia’s dream for the future is to move her store to a more central location so she can increase her income with more customers. The women of the Trust Bank, “Arca de Noe”, appreciate the support of the group.They share their joys and sorrows together. They know that micro-credit is a huge support because it helps them and their families. They also enjoy the monthly trainings that Friendship Bridge provides with topics like women's health, women's rights, empowerment, and business management. Roselia states, “I am eager to learn more, because I only had one year of education as my parents believed that learning to write my name was enough school for me.” Roselia and her fellow Trust Bank members are facing a brighter future because of their association with KIVA and Friendship Bridge.