100%

funded

Total loan: $1,425

Sector Quila Group

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Samayac, Suchitepèquez, Suchitepequez, Guatemala / Clothing

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A loan helped to buy blouses and pants, silver jewelry and a variety of sizes of shrimp.


Sector Quila Group's story

The three women in the group Sector Quila live in Samayac, Suchitepéquez, Guatemala. They range in age from 23 to 63. One never went to school, while two have some middle school. Two are married, and one is a widow. Their businesses include the sale of clothing, silver jewelry, shrimp and prepared food.

Maria Luisa is 63, a widow with twelve grown children. She never attended school. Four years ago, to help support herself so she wouldn’t be so dependent on her children, she started selling blouses, silver jewelry and shrimp. She is starting her fourth cycle with the Namaste Creating Prosperity Program. From her financial literacy classes she has learned to follow a budget and to plan her purchases. With advice from her personal business advisor she has added the sale of different sizes of shrimp, fish such as tilapia, and tamales. Since she never went to school, her daughter helps her keep a notebook of her sales and expenses.

She will use her loan to buy blouses and pants, silver jewelry and a variety of sizes of shrimp. When she started with Namaste, her monthly net profit was 1,950 Guatemalan Quetzales ($253). At the beginning of the previous cycle, it was GTQ 5,029 ($653). However, due to the pandemic, she ended the cycle with a net profit of only GTQ 3,325 ($432). She hopes to increase that to GTQ 3,969 ($515) by the end of this cycle.

Pictured from left to right: Maria, Zoila and Miriam.