Mujeres Negociantes (Business Women) Group
Gabriela Cecilia is one of the members of the Mujeres Negociantes. She is a young single mother with a 4 year-old son, whom she has been raising on her own for the last three years. Gabriela has an 8th grade education. Two years ago, her mother gave her Q500 (US$65) to host a birthday party for her then 2 year-old son. However, instead of investing in a party, Gabriela Cecilia took the money and bought blouses and pants to re-sell, igniting her entrepreneurial spirit. She realized that she and her child’s need went beyond a one day event and she thought if she could make money on the money given to her by her mother, she would be able to provide for herself and her son.
Since that day, Gabriela has continued to be involved in the sale of clothes. Her dream is to increase her stock of products and add lingerie to her business as well as purchase her pants in blouses in bulk. She currently has a profit of Q639 (US$83) and works 2 hours a day Monday thru Friday, averaging $1.38/hour. Her business plan shows that with a loan of she will be able to improve her stock of lingerie, blouses and pants. She is going to increase her area of sales (which she does door to door) and she plans to double her working hours. Her foreseen profit is Q1,546 (US$201) per month.
Gabriela’s inspiration is her son. She is working hard to improve her business to be a positive role model to him and raise a good man!
Gabriela is the first one from left to right on the picture.
More information about this loan
In addition to a micro-loan, through its Business Development Program, Fundacion Namaste Guatemaya, provides its borrowers with the business support that will help their enterprises grow.
Namaste provides financial literacy, business education, cash flow analysis, and opportunities for entrepreneurs to to share experiences and best practices. The capstone of their model are Business Advisors that provide each borrower with one-on-one mentoring.
Namaste measures it success through the increase in profits of its borrowers. Of the more than 900 Namaste borrowers who have completed the business development program, on average their profits increased by 41%. Namaste clients are averaging USD2.50 per hour vs the Guatemala minimum wage of UDS1.00.
About Fundacion Namaste GuatemayaFundacion Namaste Guatemaya (Fundacion Namaste) is a non-profit organization in Guatemala that focuses on empowering women with microloans and mentoring. Its flagship program is the Namaste Business Development Program (NBDP), which combines personalized mentorship, financial literacy and customized microloans to help women entrepreneurs formalize their business models and increase their profits.
To date, approximately 1,000 women have completed the NBDP program, and over 500 women are actively enrolled. Kiva lenders’ funds enable Fundacion Namaste to reach even more women in Guatemala, particularly in rural and idigenous communities.
Fundacion Namaste joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
98View loans »
Success!! The loan was 100% repaid