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Total loan: $1,300

El Chajon Group

Antigua Guatemala, Sacatepéquez, Sacatepéquez Department, Guatemala / Retail

El Chajon Group's loan finished fundraising, but these other borrowers need your support

A loan helped to invest in shoes that are on special sale.

El Chajon Group's story

The four women in the group El Chajon are starting their first cycle with the Namaste Creating Prosperity program. They are women in their 50’s, old friends with long-standing businesses. They live and work in the city of Antigua Guatemala. Three of them sell shoes or medicinal products. The other one rents rooms and cooks for foreign guests. They came to Namaste on the recommendation of a friend who has been in the program. They are all eager to get the financial literacy training and personal business advice that the Namaste program provides.

Ana Maria, the president of the group, is a 59-year-old widow with three grown children who no longer live at home. She has a high school education.

For 16 years she has had a business selling shoes from a catalog. In addition, she manages a network of women who also sell shoes and from whom she makes a small commission. Her goal for her months with Namaste is to learn how to better administer her business and to increase her portfolio of clients. She will use her loan to invest in shoes that are on special sale. Her goal for her business is to get to the point where she is only directing the women in her network and not doing many direct sales herself.

At the beginning of this cycle, her monthly net profit was 4,050 Guatemalan Quetzales (U$ 526). She hopes by the end of this cycle to increase that to Q. 4,500 (U$ 584).

Pictured from left to right: Ana Catalina, Maria, Ana Maria, and Olga.