Total loan: $800

Sector Vasquez Group

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Canton Mazá, Santo Tomás La Unión, Suchitepéquez, Suchitepéquez, Guatemala / Retail

Sector Vasquez Group's loan finished fundraising,
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A loan helped to buy merchandise to sell at her store to meet customer needs.

Sector Vasquez Group's story

Vicenta is 52 years old and is married with grown children. She never went to school. Vicenta runs a small general store in front of her home. Her store is in a good location and provides many customers. Vicenta is a member of the three-woman loan group, Sector Vasquez. Group members live in Canton Mazá, Santo Tomás La Unión, Suchitepéquez, Guatemala and range in age from 25 to 52. All the women are married and have children. Two of the women graduated from high school and Vicenta never went to school. They all speak the Mayan language Quiche as well as Spanish, and they all wear traditional clothing. Sector Vasquez businesses include a small general store; making and selling French fries; selling fruit; and making and selling tortillas.

Vicenta is requesting a loan to buy basic items for her general store. This will be the group's second loan cycle with the Namaste Creating Prosperity Program. During the first loan cycle of Sector Vasquez, Vicenta learned to track her sales and expenses and she also started putting prices on her merchandise and added many new products. The women's businesses have grown; they are making more money, and they are looking forward to the financial literacy classes and advice from a personal business advisor. When Vicenta began with Namaste, her monthly net profit was 2,945 GTQ. At the beginning of this cycle, it was 4,178 GTQ and she hopes to increase her profits to 5,497 GTQ by the end of this cycle.