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GreaterGood.org’s support of Friendship Bridge helped women in rural Guatemala create their own solutions to poverty.
"Friendship Bridge’s partnership with GreaterGood.org continues to positively impact the lives of impoverished rural women and their families," according Julie Malmberg, Communications Manager.
Funding from GreaterGood.org underwrote 110 microloans made by Friendship Bridge this year to women working in Guatemala’s Northern and Central Highlands. "Approximately 30% of our loans are used for sewing and weaving, textile production and handicrafts; 14% of the loans are used for animal husbandry; and 11% of the loans are used for agricultural purposes," Malmberg reported.
With an average six-month loan cycle (as the loans are repaid, money is loaned out again), "the funds will continue to empower many more women," Malmberg concluded.
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