Micro-Finance for the Indigineous Maya of Guatemal

by Mayan Families Vetted since 2010 Site Visit Verified

Summary

Mayan Families has been providing Micro Finance for many years. We work with Women's Groups in the Highlands of Guatemala. Micro Finance through Mayan Families offers hope to many families.

$127
total raised
6
donors
0
monthly donors
8
years

Challenge

The truly poor have no access to conventional loans and borrowing because they have no collateral and no credit history. Most do not have a Bank account.

Solution

The money has to be used to either start a small business or enhance an existing one. One woman has started a small goods store. Another has bought two blenders to start a juice stand. Another to invest dry goods into her already existing stall.

Long-Term Impact

Mayan Families Micro-Finance/Micro-Loans program was made to address the financial needs of the poor. It has created access to credit enabling the poor to build on their existing skills to earn a better income in each cycle of loans.

Resources

http:/​/​mayanfamilies.org
Mayan Families Micro Finance - Micro Loans Project
Mayan Families Blog

Organization Information

Mayan Families

Location: San Diego, California - USA
Website: http:/​/​www.mayanfamilies.org
Project Leader:
Dwight Poage
CEO
Panajachel, Dept. Solola Guatemala

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
   

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