100%

funded

Total loan: $1,300

La Montañita Group

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Samayac, Suchitepèquez, Suchitepequez, Guatemala / Retail

La Montañita Group's loan finished fundraising,
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A loan helped to buy fresh fruit and a batch of silver jewelry.


La Montañita Group's story

The three women in the group La Montañita live in Samayac, Suchitepéquez, Guatemala. They range in age from 29 to 56 and their businesses include selling silver jewelry and food, a small store and catalog sales. Their education ranges from 4th grade to high school. They are returning for another loan cycle with the Namaste Creating Prosperity Program and are looking forward to more financial literacy classes and more advice from a personal business adviser.

Maria de los Angeles is 29 years old, with a middle school education. She is separated from her husband and has two school-age children. Four years ago, she started her business selling silver jewelry. In her previous loan cycles with Namaste, she learned to track her sales and expenses, to keep her business and personal money separate and to guarantee the silver she sold. She also took the advice of her business adviser and added food items to the products she sells.

In this time of COVID-19, she has been supplementing her income by selling fruit and also making fried potatoes to sell in the evenings. She will use her loan to buy fresh fruit and a batch of silver jewelry.

When she started with Namaste her monthly net profit was 1775 Guatemalan quetzales ($231). At the beginning of this cycle it was Q2,980 ($387), and she hopes to increase that to Q4,430 ($575) by the end of this cycle.

Pictured from left to right: Maria, Elvia and Magnolia.