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Microloans Help Guatemalan Women Reach Their Goals

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Summary

Maya women receive microloans, business training and ongoing technical support to start small businesses and ultimately realize long-term economic security for themselves and their families.

Today Only - Donations To This Project Are Being Matched Up To $1,000 Per Person!Today Only - Donations To This Project Are Being Matched Up To $1,000 Per Person!

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Received $5,532 from 75 donations from people like:

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More Information About this Project

Project Needs and Beneficiaries

76% of Guatemala’s indigenous population lives in poverty. Maya women, in particular, have limited ways to contribute to the economic stability of their families. The effects of poverty -- lack of food, education, jobs -- are especially profound for indigenous families. This project offers microloans, business training and technical support to 125 Maya women. Their businesses create a source of income allowing them to contribute financially to their families and their communities in general.

Activities

Loan recipients develop a business plan and attend business administration training. During the course of their business start-up, they receive 4 additional trainings and benefit from ongoing technical assistance and supervision.

Funding Information

Total Funding Received to Date: $5,532
Remaining Goal to be Funded: $19,468
Total Funding Goal: $25,000

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

Local communities will grow and prosper. Women tend to invest the money they earn in their families, education, and homes which ultimately stabilizes and strengthens the social and economic sectors of their communities.

Project Message

“The greatest impact of the microloan program is women have learned to manage their resources better and they feel good about themselves because they are contributing to the family income.”
- Mirian Otzin de Otzoy, Program Coordinator, MayaWorks Guatemala

Who is Running This Project

Contact

Jeannie Balanda
Executive Director
1732 W. Hubbard St.
Suite 1A
Chicago, Illinois 60622
United States
312.243.8050
Email:

Organization

MayaWorks Logo

MayaWorks
1732 W. Hubbard St, Suite 1A
Chicago, IL 60622
United States
(312) 243-8050
http://www.mayaworks.org

Learn more about MayaWorks and the project team.

Where this Project is Located

Country

This project is located in GuatemalaGuatemala and can also be found under MicrofinanceMicrofinance.

For more information about Guatemala, read the Human Development Report on Guatemala or the Wikipedia entry for Guatemala.

When this Project was Updated

Last Updated

This project was last updated on November 30, 2009.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on November 18, 2009

How Else You Can Help

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