Las Raquelitas De San Julian Group
A loan of $2,800 helps a member to buy a variety of fabric at the wholesale level.
Las Raquelitas De San Julian Group’s story
“Las Raquelitas De San Julian” is the name eight ladies have given to their Friendship Bridge Trust Bank in the state of Suchitepéquez on the Pacific Coast of Guatemala. They are beginning their first loan cycle with Kiva and will use the funds to invest in their businesses that include the sales of prepared foods, drinks, fruit, ice cream and clothing.
The “Microcredit Plus” program of the organization that combines loans and education is an effective vehicle for these women to not only improve their own lives but those of their families. In gaining effective business tools like planning, budgeting and savings, they empower themselves and have the opportunity to expand and improve their businesses. In providing capital for the loans, Kiva investors are essential partners along with Friendship Bridge in the lives of these women.
Elsa, a 50-year-old mother of six children who range in age from 20 to 33, was unable to attend school but was able to give her children an elementary school education. She sells fabrics to make skirts. Elsa is requesting a loan to buy a variety of fabric at the wholesale level. She wants to be able to meet the needs of her customers and fill their orders promptly and efficiently.
Thank you, Kiva investors, for your generosity and kindness in funding the loans of Elsa and her friends! You are greatly valued and appreciated!
In this group: Elsa , Enmi Anai , Teresa , Maria Luisa , Rosario , Rosa Blanca , Elba Marina , Adelia
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).