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Total loan: $4,650
Salmo 53 Group
San Francisco el Alto, Totonicapán, Totonicapán Department, Guatemala / Food
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Salmo 53 Group's loan finished fundraising,
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A loan helped to buy ingredients for her new food business, a potato cutting machine, a coffee pot, and kitchen utensils.
Salmo 53 Group's story
The busy town of San Francisco El Alto, in the Western Highlands of Guatemala, is built on the side of a large mountainside. It is a huge commercial center for the sale of handicrafts, textiles and animals. With access to the “Microcredit Plus” Program of Friendship Bridge that combines small loans and education, the 12 women who form the Trust Bank “Salmo 53” in San Francisco El Alto are taking steps to empower themselves and eliminate poverty in their lives. These women are taking advantage of the large market in town to sell food and clothing items, including sweaters. Ana is a member of the Trust Bank who needs to work very hard since she has seven children. She was able to have six years of formal education. Traditionally, Ana has had a textile business selling fabric for pants, and because she has been successful with this, she recently began a food business selling snacks and pre-prepared food items, too. She works on her new business with her husband. Ana is requesting a loan to buy ingredients for her new food business, a potato cutting machine, a coffee pot, and kitchen utensils. Along with the other members of the group, Ana wants to take advantage of increased business during the final months of the year. Ana and her friends in the “Salmo 53” Trust Bank are all requesting loans to invest in their small businesses. They are very united, responsible and motivated. At their monthly meetings, the ladies participate in educational trainings designed by a Facilitator from Friendship Bridge. Kiva investors are valued collaborators in this effort. Thank you!