100%

funded

Total loan: $5,350

El Rosario Group

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Santa Maria Visitacion, Sololá, Sololá Department, Guatemala / Food

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A loan helped to purchase flour, sugar, eggs, and other supplies for her bakery business.


El Rosario Group's story

Santa Maria Visitacion is a town high in the mountains overlooking beautiful Lake Atitlan in Guatemala. Nine ladies who live here have formed the Friendship Bridge Trust Bank “El Rosario”. The members of the Trust Bank speak the Mayan language K’iche as well as some Spanish.

Filiberta is the 46-year-old president of the Trust Bank. She is married with three grown children, each of whom has graduated from school. She joined the Trust Bank eight years ago, and although she has not attended school herself, she has a good head on her shoulders and much life experience.

Filiberta, along with her husband and youngest child, work in the family bakery that they began nineteen years ago. On a daily basis, Filiberta sells her baked goods in three of the neighboring towns, the closest being Santa Clara La Laguna. The other two towns, San Pablo and San Marcos, are on the shores of Lake Atitlan, and it takes Filiberta quite a long time to take the bus down the steep mountain hillside in the very early hours of the morning. She is requesting a loan that she will use to purchase flour, sugar, eggs, and other supplies for the bakery business.

The women in Friendship Bridge Trust Banks like “El Rosario” are very aware of the value of education, both for their children and for themselves. Each month at their meetings, they participate in educational trainings on a variety of relevant subjects like effective business practices (budgeting, pricing, marketing, customer service, accounting), hygiene and health, nutrition and the use of medicinal plants, as well as self-esteem and empowerment, goals and dreams, and women’s rights. Friendship Bridge calls the combination of microloans and education “Microcredit Plus”. It is most effective.

Kiva investors are greatly valued, along with Friendship Bridge, by these women. Armed with their new tools, they are poised to step into a brighter future, benefitting themselves, their families and their community of Santa Maria Visitacion.