Total loan: $1,550

Cerro Grande Group

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San Pablo Jocopilas, Suchitepéquez, Suchitepequez, Guatemala / Retail

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

A loan helped to buy eggs, beans and other products for her store.

Cerro Grande Group's story

The three women of the group Cerro Grande live in San Pablo Jocopilas, Suchitepéquez, Guatemala. They range in age from 38 to 44. One went to second grade, one to middle school, and one never went to school. They wear traditional clothing.

They are starting their second cycle with the Namaste Creating Prosperity Program. During the previous cycle, their businesses were hard hit by pandemic restrictions. They all had to modify their businesses in order to survive. The women who sold clothing and cosmetics added food sales.

Martha is a 43-year-old widow with a second grade education and one child in middle school. She has a small store selling basic necessities. During her first cycle with Namaste, she learned to track her sales and expenses, to make and keep a budget and to better control her inventory. With advice from her business advisor, she added bread, eggs and tamales to her business. These items helped her maintain her sales during the pandemic. She will use her loan to buy eggs, beans and other products for her store.

When she started cycle one, she had a monthly net profit of 1,850 Guatemalan Quetzales ($242). At the end of the cycle it was only GQT 1,574 ($206). Her sales were way down due to the pandemic, though she made all her loan payments on time. She hopes to increase that to GQT
2,494 ($326) by the end of this cycle.

Pictured from left to right are Maria, Paulina and Martha.