Total loan: $1,825

El Tren Group

Jocotenango, Sacatepequez, Sacatepéquez, Guatemala / Retail

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A loan helped to buy beauty supplies.

El Tren Group's story

The three women in the group El Tren (The Train) live in Jocotenango, Sacatepéquez, Guatemala. They range in age from 46 to 53. Their businesses include selling beauty supplies, selling natural medicine, a small store, and a mill where people come to grind their corn into masa for tortillas.

They are starting their third cycle in the Namaste Creating Prosperity Program and are looking forward to new financial literacy classes and more monthly personal sessions with a business adviser.

Dina Iracema is 52 years old, married, and has two children, one married and one in the last year of high school. She studied to be a primary school teacher but 14 years ago started her business selling beauty supplies. In her previous two cycles with Namaste, she learned to track her expenses and sales, to understand her real costs, to stock the products that sell best, and to provide good customer service.

Dina Iracema will spend her loan money to buy beauty supplies requested by her clients. Her goals are to have a small shop where she can display her products and to increase her sales to the point where she can hire an employee to help her.

When she started with Namaste, May 2018, Dina Iracema's monthly net profit was 2,500 Guatemalan Quetzales ($325). By the end of the second cycle she had increased that to Q.6,703 ($870). And by the end of this cycle she hopes to increase that to Q.8150 ($1,058).

Pictured from left to right: Josefina, Blanca and Dina.