Thank you to everyone who donated to our microcredit program.Our microcredit program already is active in Santa Clara la Laguna, Solola, With the money that you donated, we were able to extend the microcredit program to las Mujeres de Chumanzana, a second group of women who live in Chumanzana, Chicastenango, Quiche. Each woman has received a loan of Q800 ($100) and have put it to use to improve the lives of their families. They will pay 5% interest and will make monthly payment for a year The interest will be used to pay a part of the salary of Candelaria Sut who is in charge of the program. This will be a continuing program and as the money is repaid it will be loaned out again.
Thank you again fro your support of these women who need as we say "A little help from a FRIEND." You are that FRIEND.
With the money received through Global Giving, Candelaria Sut, the program manager for our Women's Development Program has expanded our micro credit loan program from Santa Clara la Laguna, Solola to serve the women in our project in Chumanzana, Chichicastenango, Quiche. She has explained the agreement and the responsibilites of both the women and the Fund, and the application process. The women who are interested have requested loans. Some of their projects are raising chickens and pigs, sale of bread, stocking a store, and buying materials to weave products to sell. The loans will be disbursed in Jan. 2014 and the women will have the money available for their use.
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Every microproject is intended to use the donations it receives in accordance with its stated description; however, it is
important to provide project leaders with the flexibility to maximize the potential benefit from the donations they receive.
This means that your donation may be used as a part of the main project that supports this microproject, specifically Scholarships & Training for Rural Guatemalan Women.
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