A loan helped a member to invest in fruits and vegetables that her customers have requested.

Monterrey Mendez Group's story

The four women in the group Monterrey Mendez live in the Monterrey Mendez neighborhood of El Tejar, Chimaltenango, Guatemala. They range in age from 21 to 73. One attended first grade, one went up to 6th grade, one to middle school and one to high school. One has a small store, one makes and sells tortillas, one sells cosmetics and clothing and one prepares food. They are starting their first cycle with the Namaste Creating Prosperity Program. They were all recommended to the program by friends who are in other groups. They are eager to grow their businesses by taking financial literacy classes and getting the advice of a business advisor.

Maria Teresa is 54, widowed with two grown children. She has a 1st grade education. Her business is a very small store selling daily necessities. The store is in the front part of her house. Now it is her main source of income. She therefore is very eager to grow her business, learn how to manage it better and increase her profits. She will use her loan to invest in fruits and vegetables that her customers have requested. Her business goal is to grow her store and sell many products that she now lacks. Her personal goal is to save for her future.

Her monthly net profit at the beginning of this cycle was 2,256 Guatemalan Quetzales ($293). By the end of this cycle she hopes to increase that to Q. 2,706 ($351).

Pictured from left to right: Dayana, Maria, Yessica and Adelina.

In this group: Adelina, Maria Teresa, Dayana Rosa, Yessica Mercedes

This loan is special because:

It provides mentoring for women entrepreneurs.

Loan details

Lenders and lending teams

Loan details