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100%

funded

Total loan: $3,300

Flor De Camarosa 2 Group

Cotzal, Quiché Department, Guatemala / Retail

Flor De Camarosa 2 Group's loan finished fundraising, but these other borrowers need your support


A loan helped to expand her weaving business by buying thread.


Flor De Camarosa 2 Group's story

Magdalena is 33 years old. In her childhood, her parents provided what she needed: her father supported her with her studies, when she was in fourth grade, she had an accident, and had to ditch her studies until the next year. She only could study to the sixth grade.

She began working at the age of fourteen and married when she was 20 years old.

A neighbor told her about the credit opportunities Chajulense Association of Women United for Life gave, and decided to join a group

This year she got her fourth credit. With her credits she began weaving and selling huipils and shawls. This year's credit she will use to expand her business activity buying thread.

Her business activity is her only income, and her profit has been good.

Magdalena is the leader of Flor de Camarosa 2. The group is integrated by seven women, all are from the Ixil Maya ethnicity. The group will use their loan for textiles 29%, agriculture 29% and retail 42%.

On average, each member of the group has 4 children, the average age of the members of the group is 41 years old. 29% are illiterate, 29% did not complete their primary education, 14% completed their primary education, 14% studied to the ninth grade, and 14% are Teachers of Primary Education (12th grade).