$425k
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100%

funded

Total loan: $1,375

20 De Octubre Group

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El Tejar, Chimaltenango, Chimaltenango Department, Guatemala / Food

20 De Octubre Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to invest in seasonal shoes to sell and in ingredients for slushies.


20 De Octubre Group's story

The four women in the group 20 De Octubre (20th of October) live in El Tejar, Chimaltenango, Guatemala. They range in age from 27 to 50. Three went to high school and the other one only through second grade. One is a widow. One is single. Two are separated from their husbands. Their businesses include making and selling food, selling shoes, cosmetics, furniture, and clothing.

Carlota is a 50-year-old widow with grown, married children. She has a second-grade education. For seven years she has had a stall in the local market from which she makes and sells slushies. She is starting her second cycle with the Namaste Creating Prosperity Program. In the first cycle she learned a lot, including how to keep track of her sales and expenses, pay her vendors punctually, and keep her business money and personal money separate. Her business advisor also suggested she start selling shoes in her spare time, and that has worked out well for her. She is looking forward to more financial literacy education and more visits from her business advisor.

She will use her loan to invest in seasonal shoes and in ingredients for the slushies. At the beginning of this cycle her monthly net profit was 2102 GTQ (Guatemalan Quetzales) ($273). She hopes to increase that to 3020 GTQ ($392) by the end of the cycle. Currently she is working hard to meet this end of cycle profit goal. Her long-term goal is to keep growing her business.

Pictured from left to right: Carlota, Alma, Vera and Karla.