New World Peace Jewelry KIVA Loan

World Peace Jewelry's new KIVA loan recipient:

Don Mateo Miguel Turnil Tumax is 30 years old, married, and has three children. He is dedicated to the art of making traditional fabrics from his small workshop in the village of Chuipachaj de la Aldea Chipuac, which is in the town and district of Totonicap, Guatamala. He does not generate enough revenue to hire any workers. However, his current demand is growing, so he applied for a small loan to purchase raw materials. The increase in capital will result in more employment and more products from his small workshop, as well as generate additional income to give his family a better life.

Kiva Loan Update

World Peace Jewelry's loan has been repaid in full by Catherine Birungi's Group.

You may remember that Catherine is twenty-five years old and married with one nine-year-old child. She rents a one-room house with her family. She doesn?t have access to electricity or piped water. Catherine has a market stall, and that is how she makes a living. She rents her stall at $9.25 a month and gets about twenty customers a day. She buys her produce from Nakawa market and works seven days a week. She has worked at this business for three years now. Prior to this she was frying edibles. This is her seventh loan since she joined MCDT, a Kiva field partner, and has been with them for four years, working with the same group members. Catherine used her loan to buy boxes of tomatoes and also to start buying directly from farmers. She hopes to build a house from her savings.

For more information about such loans, visit KIVA on the web.