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La Paz Group
In this Group: Gloria De La Cruz, Ingrid Yolanda, Felipa, Ofelia, Sandra Nohemi, Maria Francisca, Mirna Edith, Lesbia Carolina
The eight members of the La Paz (Peace) group from San Miguel Dueñas have a variety of businesses including selling wood, cosmetics or flowers. There are also some tiny stores, food vendors and a business selling bubbles. The average age of this group of hard working women is 38 and they have had an average of four years of school. These women are excited to be part of this group since Namaste Guatemaya is the first organization to give them the opportunity to learn how to manage their business and their money in addition to offering microcredit.

Ingrid Yolanda (third from right) is a 37-year-old widow with four children - 3 sons aged 18, 17 and 16 and a daughter aged 12. Her husband died in an automobile accident when she was pregnant with her daughter. Her business is selling small bottles of bubble-making solution with wands for blowing bubbles. She mixes shampoo, a natural glue and water, and bottles it in small bottles. She also makes the wands out of wire. She sells these at fairs and fiestas throughout her part of the country. Bubbles are popular at Guatemalan fairs. She started this business when she was seven, to bring additional income to her parents. She continued the business when she was married and now she supports herself and her children with a little help from her oldest son who works as a construction helper. Her other children help her in her business. Only her youngest child is still in school.

Her monthly income is 2000 Quetzales (US $256) with a profit of Q1200 (US $153). With her loan she plans to travel to Guatemala City to buy solutions, bottles and wire in bulk. Her projected profit with her new business plan and buying in bulk is Q1876 (US $240) which is an increase of 56% and will allow her to better feed her family and perhaps allow one or two of the boys to return to school.

Additional Information

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 Guatemaya

Fundacion 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.

About Guatemala

  • $5,300
    Average annual income
  • 126
    View loans »
    Guatemala Loans Fundraising
  • $10,851,800
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of La Paz Group's $1,425 loan helped a member to buy in bulk the supplies she needs for her business selling bubbles at fairs and fiestas.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Aug 5, 2013
Aug 12, 2013
Currency Exchange Loss:
May 17, 2014