A loan of $3,825 helped a member to buy fine yarns for her textile business and chicks for her second business, raising poultry.

Arcoiris Group's story

The nine members of this trust bank, Arcoiris Group (meaning "Rainbow Group"), are pleased and satisfied. This is because they have completely repaid their sixth loan with Friendship Bridge, which was their first loan funded through Kiva. Because of their previous loans, several women have been able to grow their businesses, which has enabled them to progress toward their goals in life. The ladies live in Juchanep, Totonicpan, and have been longtime neighbors and friends. Their average age is 39 years, and the average number of children in each household is three.

Arcoiris Group is requesting a second loan funded by Kiva. The funds from this loan will be invested mainly in businesses related to textile production (including weaving, hand embroidery and making aprons), as well as in selling vegetables and produce.

Paulina, a founding member of Arcoiris Group, is someone who has been described in previous reports. She is a 36-year-old woman who has only a second grade education. She has four children. Along with her family, Paulina works in the textile industry. She used her previous loan to buy yarn, in order to increase production. She was able to successfully pay off that loan and looks forward to the next one. Presently, Paulina’s business is doing well, and she is happy to report that she still employs three members of her community. Because of her previous loan, she was able to take orders which proved profitable, especially before the Easter holiday.

Paulina is currently applying for an additional loan, which she will invest in the purchase of various types of fine yarns for her textile business. In addition, she will use her loan for her second revenue stream. Specifically, Paulina raises and sells chickens and intends to use part of her new loan to buy new chicks that she will raise!

Paulina and the Arcoiris Group trust bank are extremely thankful for these loans, which will help them maintain and increase each of their businesses. They look forward to the future, to providing a good education for their children and improving their lifestyle. As their name suggests, with the loans and education that they are receiving, they are creating the pot of gold under the rainbow!

In this group: Jesus Juana , Serapia Andrea , Silveria Aracely , Paulina Catarina , Antonia Isabel , Vitalina, Ofelia Petrona , Lidia Noemi , Candelaria Antonia

Loan details

Lenders and lending teams

Loan details