Total loan: $5,400
San Juan la Laguna, Sololá, Sololá Department, Guatemala / Agriculture
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Paquip Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase bags of organic fertilizar, as well as large quantities of sugar and corn to sell in her rented market locale.
Paquip Group's story
On average, a Friendship Bridge client earns less than $2 a day, has had approximately three years of formal education, cannot read or write and is unlikely to speak Spanish, the official language of Guatemala. The “Microcredit Plus” Program of Friendship Bridge, that combines loans and education, allows for increased productivity, increased sales and higher income for the families of the clients. The Friendship Bridge Trust bank “Paquip” is made up of nine determined women who share the common goals of raising the standard of living for their families and seeking ways to leave poverty behind. María is a 39 year old member of the group who buys and sells organic fertilizer, as well as sugar and corn at the wholesale level. She is requesting a loan to purchase bags of organic fertilizar, as well as large quantities of sugar and corn to sell in her rented market locale. Her goals are to increase the income of her family and support the educational needs of her four children who are all enrolled in school. The Trust Bank meets monthly with a Friendship Bridge Facilitator. After the women transact business on their loans, the Facilitator shares important information with them on a variety of relevant subjects in their own language. The ladies learn to manage their loans as they learn about effective business practices (planning, budgeting, pricing, marketing, customer service, accounting), health, hygiene and the use of medicinal plants, as well as setting goals, realizing dreams and self esteem. Quoting a client “Life seems less difficult to me since I found Friendship Bridge. They trust me, and they give me the chance to have a business using my own skills.” In funding loans for Maria and her friends, KIVA investors are greatly valued and appreciated. Thank you for your generosity!