A loan of $1,350 helped a member to save money to open a new location.

El Milagro De Santa Ana Group's story

The women of this group call themselves "Milagro de Sta. Ana". Most of the women live in Santa Ana, a very small village on the outskirts of Antigua Guatemala. All of their businesses have been verified by business advisors, who believe that each woman stands to benefit from the support offered by Fundacion Namaste Guatemaya. In addition to a loan, Namaste provides coaching from business advisors who develop a detailed understanding of the borrowers business (see below an example of how much detail they have on their clients).

Each of the women in this group are hard-working entrepreneurial ladies that dream of growing and bettering their businesses. Most of them are involved in the production and selling of food. For example, one of them promotes her business on Facebook and provides updates on the new products she will sell in the near future. There is also a woman who sells corn meal (the only one in the area) and another who sells products by catalog.

Carmen Lucrecia (2nd from left to right) is a 48 year-old single mom who went to school through 9th grade. She has two daughters, one that is already married who contributes Q400 ($53) per month to the household income and a younger daughter that still lives with her. Her younger daughter also has a daughter and Carmen Lucrecia pays for her school. Carmen Lucrecia has been selling food at the park of Santa Ana for the last 12 years and has become famous for her garlic bread, a product she introduced long ago to differentiate herself from the competition. She calls her big delicious bread “Neco” and this is the main attraction for her customers. She will share this business with her daughters so they have a place to work and support their families as well.

Her dream is to learn how to manage her income, separate her profit from her personal expenses and be able to save enough money to open a new place to sell food in the village of Jocotenango. Currently she has a profit of Q986 (US$130) and works 240 hours (US$0.54/hour) per month. Her plan for the next 9 months is to increase her profit to Q1,665 (US$220). She knows that with the support of Namaste she will learn how to calculate and better manage her profit so she can open an additional location to sell her food.

In this group: Mercedes Amparo, Irma Veronica, Carmen Lucrecia, Miriam Beatriz, Ana María, Elvia Leticia

Loan details

Lenders and lending teams

Loan details