A loan of $3,750 helped a member to purchase products for her inventory that she now does not carry but for which there is demand.

4Th Of February Group's story

This group of women, who call themselves the 4th of February, are entering their second loan cycle with Namaste. They all live in Sumpango, Sacatepéquez, Guatemala. During the first nine-month cycle there were twelve women entrepreneurs. By the end of the nine months the women had paid off the loan from their first business cycle. Now seven of them are going on to a second nine-month cycle. They all have businesses in the food sector, such as selling vegetables, fruit, lunches and snacks.
Urda (first from left) is 40 years old and married with one grown daughter. She is illiterate. Her husband helps support the family by working as a bus driver. Urda’s business is selling snacks and lunches. She is very greatful to Namaste for teaching her how to run her business and how to grow it. With her daughter’s help she now has good business records. From her Namaste business advisor she has learned how to control her expenses and improve the way she presents her products. During the first business cycle she used part of her loan to acquire a new stove. This allowed her to increase her earnings just by adding the sale of tortillas.
With her second cycle loan she wants to purchase products for her inventory that she now does not carry but for which there is demand. She also wants to continue improving the physical business environment, with the goal of eventually converting the space into a restaurant. In this restaurant she would like to serve the favorite dishes of the people in her community.
During the first cycle she increased her sales by 33% and she hopes for another 24% increase during this nine month cycle.

In this group: Urda Reyna, Dulce Celeste, Maria Herlinda, Amalia, Maria Isabel, Evelyn Johana, Maria Crsitina

Loan details

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Loan details