A loan of $3,750 helped a member to purchase thread for embroidery.

Flor Económico Group's story

The women from the group Flor Economico are happy living in their small town of Santa Lucia Utatlan. The women are a group of neighbors who always help each other out with meeting times, repayment dates and educational meetings. They live in a town which is “friendly and nice,” as Maria Salome M. described it. Although small, the villagers as hardworking men and women who search to find successful jobs and business opportunities.

These women are dedicated owners of an embroidery micro-enterprise. They dedicate their time to weaving the colorful embroidery commonly seen in tops, known as guipiles, in the Lake Atitlan region. Five of them hire employees to work along with them. On average, they complete ten to fifteen tops in a month and sell them at 500 to 700 quetzales (80-100 USD) each, depending on the style and quality.

They sell their finished products to buyers at the Nahuala, Solola, Santa Clara, Chimaltenango and Quiche markets. Some of them work based on orders. Their sales are continuously growing thanks to their ability to increase production.

Their current sales have dropped due to the seasonal rain and a bad economy. Their confidence is unhindered, however, as they are confident that sales will rebound in the December, January and February. The loans help to stabilize their financial cycle during low seasons or months where there are unforeseen family expenses.

The loans provide them with capital to deal with higher prices and access low interest loans. They can now invest in their business and hire workers to assist them. The current loan request will go towards buying cloth, string, and art supplies. The rainy season is when loans are needed most.

These working mothers have consistently repaid their loans and strive to improve and grow their micro-enterprises. They are working towards a future in which they have a large, sustainable business that does not need loans. This will allow them to support their families and husbands.

In this group: Raymunda, Cristobalina, Lucia, Maria, Silberia, Cornelia, Norberta, Maria, Julia, Agustina, Pascuala, Tomasa

Loan details

Lenders and lending teams

Loan details