Total loan: $6,400
Totonicapan, Totonicapan, Guatemala / Clothing
Flag of Guatemala
Asuncion Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase a large quantity of thread and yarn, as well as supplies to dye it.
Asuncion Group's story
Juchanep is a rural community in the department of Totonicapán in the southwestern highlands of Guatemala. The Friendship Bridge Trust Bank, “Asunción”, is located here. The Trust Bank consists of 14 women who are mostly indigenous. They wear traditional “traje”, which usually consists of a blouse called a “huipil”, a skirt called a “corte”, and a belt called a “faja”. These colorful items mostly are handmade, sometimes with the use of a simple backstrap loom, and then painstakingly embroidered with designs, symbols and stories that date back to antiquity. They identify the region that the wearer originates from. The women of the Trust Bank are eager to begin their new loan cycle. The President of “Asuncion” is Feliciana, who is a 55-year-old widow. She has three children, and is committed to help them in every way possible. Feliciana employs three women and works in textile production. She specializes in “ikat”, which is the dyeing of patterns by means of binding threads or cotton yarn called “labores” that are then colored with brilliant dyes. This technique is called “jaspeado” in Guatemala, and each village has its own unique, beautiful designs. Feliciana is requesting a new loan which she will use to purchase a large quantity of thread and yarn as well as supplies to dye it with. This hard-working woman travels each week to deliver her orders, and usually delivers 50-60 bundles of thread (with 25 units in each bundle). She manages her money wisely and there is a good cash flow. A Friendship Bridge Loan Officer visits the Trust Bank on a monthly basis. Besides making payments on their loans, the Loan Officer gives educational training on useful and relevant subjects like nutrition and health, effective business practices and indebtedness, as well as women’s rights and self-esteem. Other topics include hygiene and nutrition. Kiva investors are greatly valued and appreciated by the women of the Trust Bank. The loans that the 14 ladies are requesting will be used in their businesses to increase their income and grow their businesses. In this way, they will be able to improve their quality of life and that of their families. It will also be useful for them to take advantage of future business opportunities by having funds available. Feliciana, along with her partners, are most grateful to those in KIVA who are helping them make their dreams come true. They are committed to repaying their loans promptly and completely. They face a brighter tomorrow, armed with their small loans and newly acquired knowledge. Thank you Kiva investors!