Total loan: $1,550

El Copante Group

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Chocolá, San Pablo Jocopilas, Suchitepéquez, Suchitepequez, Guatemala / Retail

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

A loan helped to buy corn, beans, sugar, eggs, soap and other items for her store.

El Copante Group's story

The six women in the group El Copante live in Aldea Chocolá, San Pablo Jocopilas, Suchitepéquez, Guatemala. They range in age from 31 to 58. Five are married. One is a widow. They all went to elementary school for somewhere between three and six years. Their businesses include a small store, a dressmaker, the sale of jewelry, sale of casual clothing, sale of chicken parts, making and selling fruit slushies, and the making and selling of fried chicken and fried potatoes.

The women are starting their first cycle with the Namaste Creating Prosperity Program and are eager for the financial literacy classes and advice from a personal business advisor that Namaste provides. They all want to learn how to make more money and better manage their businesses.

Elda Eulogia is a 58 year old widow with no children. For 10 years she has had a small store in her home from which she sells daily necessities. She buys items from wholesalers and sells them in her shop to local customers. The business advisor says that she is a good businesswoman and will do well with advice and business training. She will use her loan to buy corn, beans, sugar, eggs, soap and other items for her store. Her short-term goal is to expand her stock.

Her monthly net profit at the beginning of this cycle was 1,635 Guatemalan Quetzales ($212). She hopes to increase that to Q2,495 ($324) by the end of the cycle.

Pictured from left to right: Susana, Elda, Vilma, Zoila, Odilia and Glendy.