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Jul 10, 2016 9:16 EST

Guatemala: A loan of $4,525 helps a member to buy a variety of high quality thread in various colors to expand textile production.

iCrowdNewswire - Jul 10, 2016

Nueva Florecita Group

 
 
Borrower image
 

Nueva Florecita Group’s story

After a successful 3rd loan cycle, the Friendship Bridge Trust Bank “Nueva Florecita” is requesting a new 4th loan. The group, made up of 8 women, is located in a rural area of Chichicastenango. The majority of the women are weavers and want to increase their inventories of beautiful and colorful traditional textiles, which many of them sell in the famous Chichicastenango market.

The 8 women have 34 children, and it is a huge priority for them to send their children to school. The ladies have had little or no formal education but gain valuable knowledge at their monthly meetings when a Facilitator from Friendship Bridge shares information with them on relevant topics. Friendship Bridge calls the combination of education and loans “Microcredit Plus”.

Micaela is a member of the group who is a weaver. This industrious 37-year-old works hard making very high quality traditional colorful blouses called “huipiles”, to support her 5 children, who range in age from 1-15. She also makes large “perrajes”, or carrying-cloths (for babies, merchandise). Because of the high demand for her fine textiles, Micaela needs a loan to buy a variety of high quality thread in various colors to expand production.

Thank you Kiva investors for your kindness in funding these loans!

In this group: Tomasa , Anastasia , Petronila , Tomasa , Juana , Dominga , Micaela , Manuela Lares
*not pictured

Show previous loan details

This loan is special because:

Clients receive in-depth trainings on business, health, over-indebtedness, and self-esteem.

Kate
Kiva staff 

More about this loan

 

About Friendship Bridge:

This loan is administered by Friendship Bridge (FB), a nonprofit, nongovernmental organization that empowers thousands of impoverished Guatemalan women through its Microcredit Plus program. The program combines small loans averaging US$350 for four-to-twelve month loan terms with non-formal, participatory education.

As FB clients, women start, expand, or diversify their businesses and learn practical lessons on topics including business, health, and self-esteem. FB’s clients borrow as a group, forming Trust Banks (groups of 7-25 women who serve as co-guarantors of the loan and act as a self-regulating support network).

A loan of $4,525 helps a member to buy a variety of high quality thread in various colors to expand textile production.

Contact Information:

Nueva Florecita Group

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