A loan of $1,850 helped a member purchase sodas and corn by bulk to reduce costs and increase profit.

Rosas De Santa Catalina Bobadilla Group's story

The Rosas de Santa Catalina Bobadilla is a group of eight women that learned about the Namaste Business Development Program through another group of women working with Namaste. One of the women says “we are very interested in having the advisory and education that the program provides. We all need this to be better with our business”.

Santa Catalina Bobadilla is approximately 2 kms (1.5 miles) from Antigua Guatemala, Sacatepequez. There are several different businesses within this group, such as “tortillerías”, chocolate making from scratch, mid-day meals, and catalogue sales.

Gloria Eugenia is a 39 year-old single mother of 3 kids (17, 14 and 13 years old). She has a 7th grade education and married at a very young age. She does not receive any assistance from the father of her children and is therefore solely responsible to not only put food on the table, but also to pay for her children’s education and personal needs. To support her family, Gloria Eugenia sells mid-day meals to construction workers and tortillas at lunch-time. When a construction job is ending, the workers tell her where they are going to be next and that is how she has been able to keep a constant clientele.

Gloria knows that she lacks the financial capital to be able to offer sodas with her mid-day meals. She intends to use her loan to purchase sodas and corn by bulk so she can reduce her costs and increase her profit.

Her actual profit is Q2,035 (US$265) working 224 hours a month (US$1.18/hour). She has set a modest goal with her business advisor to improve her profit by 10%

In this group: Veronica, Gloria Eugenia, Maria Isabel, Gladiz Maritza, Maria Lizeth, Evelyn Raquel, Mayra Carolina, Emeteria

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