San Miguel Sacatepequez Group
A loan of $3,475 helps a member to buy fabric, thread cones, lining material and buttons in bulk for her t-shirt making business.
San Miguel Sacatepequez Group’s story
The capital city of Guatemala (Guatemala City) is located in the state of the same name in the eastern part of the country. Located here is the Friendship Bridge Trust Bank group called “San Miguel Sacatepéquez” with seven artisan members who make and sell traditional clothing and footwear, as well as weave huipiles (blouses) and tablecloths. With much anticipation, they are about to begin their first loan with Kiva.
The group’s treasurer is 28-year-old Joselin. She is fortunate to have received a Teacher’s Certificate. Joselin is married and has a three-year-old son whom she supports by making t-shirts, which she delivers to various customers outside the city.
T-shirt orders are big during the school year. In order to increase her inventory and improve her income, Joselin is requesting a loan to buy fabric, thread cones, lining material and buttons in bulk. Her dream is to have more clients to create more prosperity in her business.
Kiva investors throughout the world, in partnership with Friendship Bridge, provide the very supportive loans that are a part of the “Microcredit Plus” program (loans+education). The loans help grow the businesses and the education provides valuable lessons in four areas: women, health, family, and business. Each month, the women make payments on their loans and then have a lesson, such as learning about good health practices and contraception. Through role playing and games they develop self-esteem and become empowered. Thank you, Kiva, for your support!
In this group: Ana Antonieta , Sandra Francisca , Yoselin Dinora , Olivia , Hilda Floridalma , Jennifer Elizabeth , Irma Yolanda
This loan is special because:
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).