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Total loan: $800

Calle Ancha Group

Antigua Guatemala, Sacatepéquez, Sacatepéquez Department, Guatemala / Retail

Calle Ancha Group's loan finished fundraising, but these other borrowers need your support

A loan helped to buy more clothing and shoes to sell.

Calle Ancha Group's story

The two women in the group Calle Ancha live in Antigua Guatemala, Sacatepéquez, Guatemala. They are starting their third cycle with the Namaste Creating Prosperity program. One woman (age 50) sells clothing and cosmetics and the other (age 31) sells household goods and small electric appliances.

Sandra Lucrecia is 50 years old and divorced, with two children grown and independent. She had some high school but didn’t graduate. She sells shoes, clothing, and cosmetics from her home. She travels regularly to Tapachula, Mexico (on the Guatemalan border) to buy products. Her business has improved during her two cycles with Namaste and she is eager for more financial education and more personal coaching from her business advisor.

In the previous two cycles she learned not to sell on credit, to stay out of debt, to track her sales and expenses, and to make sure she always had enough stock to meet customer demand. She will use her loan to buy more clothing and shoes.

When she started with Namaste her monthly net profit was 1400 Guatemalan Quetzales ($182). When she started this cycle, it was GTQ 4060 ($527). She accomplished this by working very hard during the previous cycle. She hopes to raise this profit number to GTQ 4600 ($597) by the end of this cycle. Her business goal is to build up enough capital so that she can buy more products each time she goes to Mexico. Her personal goal is to have enough money for a comfortable old age.

Pictured from left to right: Sandra and Luisa.