A loan of $2,500 helped a member to buy thread and fabric to weave traditional Guatemalan blouses.

Mujeres Rukux Ulew Group's story

The Rukux Ulew trust bank is composed of 14 women, most of them mothers with young children. They all live in Aldea Saquitacaj, which is an isolated rural village deep in the department of Chimaltenango. Impressively, the majority can read and write. Together, they are more than just a “Banco Comunal,” but a tightly knit social group. They chat freely in both Spanish and their native tongue, Kaq’ichel. Hope for a better tomorrow is a common theme. It has united them.

Today is a day of excitement for this group of clients because they are going to receive their first loan at Friendship Bridge. Finally, the women of Rukux Ulew are going to have a chance to expand their business and, at least, attempt to have a sustainable source of income.

Almost all of the women have sustained themselves by raising animals and tending crops. These ladies believe that their 1350 Quetzales loan (an average of US $178), can launch them into the more lucrative business of Guatemalan weaving.

The loan would be used to buy fabric for their weaving. The women plan to do all the weaving themselves, and the finished fabrics would be sold in the nearby market in San Jose Poaquil.

It is impressive how most of these women have more than one business. Portfolio diversification is a strategy they are currently managing. This shows that, even though these women live in a remote area, they have managed to learn updated and sophisticated managerial skills.

These women hope that their future investment will increase their daily income and will help them achieve a better future, a future in which education for their kids is not just a dream, but a possibility.

In this group: Virginia, Isabel, Olivia, Marta, Elsa, Amalia, Elena, Olga, Felipa, Maria, Leidy, Estela, Herminia, Sofia

Loan details

Lenders and lending teams

Loan details