200 Women will receive small loans to invest in their micro-enterprises which will help to reduce costs while increasing inventory with profits used to support family expenses.
What is the issue, problem, or challenge?
The shortage of jobs paying a livable wage in the Lake Atitlan region of Guatemala forces women to be self-reliant. The project supports microenterprise through small, collateral-free loans allowing women to capitalize on their skills. This creates the potential to generate greater profits to cover familial expenses and invest in their children’s education. Our goal is to give these women the opportunity to empower themselves by creating their own prosperity facilitated by the access to capital.
How will this project solve this problem?
The project provides women with the opportunity to invest in their micro-enterprises, which generate essential income for families to afford the basic necessities as well as provide a better future for their children through education.
Potential Long Term Impact
In 2 years, the project will reach nearly 10,000 women and with your contribution, the goal will be to offer financial services to even more poor women and contribute to the eradication of poverty and creation of prosperity in the region.
Total Funding Received to Date: $275
This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $275 . The original project funding goal was $30,000.