Total loan: $1,675

Parroquia Group

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Cuyotenango, Suchitepéquez, Suchitepequez, Guatemala / Retail

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

A loan helped to buy fabric for masks in a variety of colors.

Parroquia Group's story

The three women in the group Parroquia live in Cuyotenango, Suchitepéquez, Guatemala. They range in age from 22 to 52. Two went to middle school. One graduated from high school. Their businesses include a beauty shop, a small restaurant and the sale of dresses and dressmaking supplies.

Maria de Jesus is 46 and married with no children. She is a high school graduate and has a stall in the central market of Cuyotenango where she sells a variety of fabrics, lace and other accessories for wedding dresses and party dresses. She also makes dresses.

Several years ago, she did two cycles with the Namaste Creating Prosperity program. She learned a lot, and her business improved.

Recently she realized that there was much more for her to learn. She is looking forward now to yet more financial literacy classes and advice from a business advisor.

Because of Covid-19, she has started making masks and is selling the special fabric for others to make masks. She will use her loan to buy fabric for masks in a variety of colors.

At the beginning of the previous loan, her monthly net profit was 11,220 Guatemalan Quetzales ($1,467). She finished that cycle and started this one with a monthly net profit of GTQ 4,241 ($554). This significant decrease was due to the closing of the economy with Covid-19. She hopes to increase her net profit to GTQ 5,441 ($711) by the end of this cycle.

Pictured from left to right: Amanda, Kathy and Maria.