Total loan: $2,850

El Chajon Group

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Antigua Guatemala, Sacatepéquez, Sacatepéquez Department, Guatemala / Retail

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

A loan helped to buy shoes and salsas.

El Chajon Group's story

The four women in the group El Chajon, live and work in the city of Antigua Guatemala. They are old friends in their 60’s with long standing businesses. They sell shoes, clothing, bedding, telephones, beauty products and medicines. One provides room and board for guests. They are starting their third cycle with the Namaste Creating Prosperity Program. They have learned a lot during the previous two cycles of financial literacy training and personal business advice.

Ana Maria is a 60-year-old widow with three grown children. She has a high school education. For 18 years she has had a business selling shoes from a catalog. In addition, she manages a network of women who also sell shoes and from whom she makes a small commission. During her time with Namaste she has learned to better administer her business, to add new products and to be creative during times of adversity. Since many shoe factories were closed during the pandemic, her business advisor suggested she start selling salsas and that has been a good business for her. She will use her loan to buy shoes and salsas.

When she started with Namaste her monthly net profit was 4,050 Guatemalan Quetzales ($526). At the beginning of this cycle it was Q3,280 ($426), a substantial reduction due to problems caused by the pandemic. She hopes to increase that to Q3,980 ($517) by the end of this cycle.

Pictured from left to right: Ana Maria, Olga, Maria and Ana Catalina.