A loan of $6,225 helped a member to by a sewing machine.

Francisquenses Group's story

Paxixil is a rural area in San Francisco el Alto, in the Southwest region of Guatemala. The population of this area works in raising animals and working in agriculture. In addition, many are involved in the fabrication of traditional clothing and crafts. They are known for their embroidering and tailoring skills.

Six years ago, the Francisquenses Trust Bank was formed by several enthusiastic women. There are currently 16 members of the group. The women are pleased to have four new members. They are most aware that these new members must be responsible in order to uphold the good credit history of the Trust Bank. During the monthly meetings, the women receive training where they discuss topics such as health, family planning, and children’s rights, as well as business topics including budgeting and planning.

Magdalena is one of the new members of the Trust Bank. She is 31 years of age and has four children, ranging in age from 18 months to 13 years. Three of the children attend school. She has had two years of formal education, which is the average for the women in her Trust Bank.

Magdalena and her husband are tailors and make pants and jackets. They work for her brother and are paid by the pieces of clothing that they sew. However, Magdalena’s dream is to be independent, to produce more products and increase her income. After learning about Friendship Bridge and its Microcredit Plus program, she joined the Trust Bank and applied for her first loan in order to buy her own sewing machine. In this way, she can produce her own products and contact wholesalers. In addition, she will be better equipped to support her children’s education, so that they will enjoy a better future, perhaps a professional one!

The Francisquenses Trust Bank is most grateful to Friendship Bridge and Kiva investors. With the working capital that they provide in the form of loans, the women can become more independent, create or grow their businesses, and move themselves, their families, and community forward into a brighter future.

In this group: Manuela , Julia , Francisca Estela , Andrea , Pascuala Maribel , Catarina Bacilia , Magdalena Luisa , Antonia , Amalia Maria , Benita Rosa , Antonia , Santos , Magdalena , Maria Lorenza , Elvira Seferina , Catalina Elvira

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