Total loan: $600

Chinchorro Group

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Cuyotenango, Suchitepéquez, Suchitepequez, Guatemala / Clothing

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

A loan helped to buy more clothing and a variety of gift items.

Chinchorro Group's story

The two women in the group Chinchorro live in Cuyotenango, Suchitepéquez, Guatemala. One is 28 and single and has a business selling new clothing and gifts. The other is 56 and never went to school. She is married with three grown children. Her business is a small store selling daily necessities.

Ana Maria is 28 and single. She finished high school and is qualified to be a primary school teacher. But she was unable to find a job, so three years ago she started her business selling new clothing and gifts from a small storefront near the local sports complex. She is starting her second cycle with the Namaste Creating Prosperity Program. She has had financial literacy classes and business advice from a personal business advisor. And she looks forward to more education and advice. She has learned to track her sales and expenses, to expand the variety of items she sells, and to keep her personal and business money separate. She will use her loan to buy more clothing and a variety of gift items. Her business goal is to add some well-known brands to her clothing inventory. Her personal goal is to marry and have children.

When she started with Namaste, her monthly net profit was 2,999 Guatemalan Quetzales ($392). Because of business constraints caused by the Covid-19 pandemic, her net profit at the end of the cycle was less than at the beginning, Q2,170 ($284). But she hopes during this cycle to bring that up to Q3,610 ($472).

Pictured from left to right: Maria and Ana.