Total loan: $1,700

Quila Group

Samayac, Suchitepèquez, Suchitepequez, Guatemala / Retail

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A loan helped to buy stock for her store.

Quila Group's story

The three women in the group Quila live in Samayac, Suchitepéquez, Guatemala. They range in age from 26 to 61. One never went to school, one has a third-grade education, and one went to high school. Among them, they sell groceries, clothing, silver, and beauty supplies.

They are starting their third cycle with the Namaste Creating Prosperity Program. They are looking forward to more financial literacy classes and months of advice from a business advisor.

Vilma Anabella is 26 years old, with a third-grade education, married, with two children in school. Three years ago, when she noticed that there were no grocery stores nearby, she opened a tiny store in her home and has gradually grown her store.

In the previous two cycles with Namaste, she learned to track the products her clients asked for so she could add them. She started selling vegetables and chicken and corn for tortillas. She also learned how to track her sales and expenses, improve her customer service, and save for emergencies. She will use her loan to buy stock for her store.

When she started with Namaste, her monthly net profit was 2,053 GTQ ($267). At the beginning of this cycle, it was 4,983 GTQ ($647), and she hopes to increase that to 6,453 GTQ ($838) by the end of this cycle. Her business goal is to have several stores in the community. Her personal goal is to have an established store that she can give to her mother to run.

Pictured from left to right: Vilma, Yadira, and Maria.