Microloans Help Guatemalan Women Reach Their Goals

by MayaWorks
Vetted

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.
$25,000
total goal
$14,298
remaining
119
donors
0
monthly donors
7
years active

Challenge

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.

Solution

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.

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.

Additional Documentation

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

Resources

http:/​/​www.mayaworks.org
Project's External Homepage
Watch MayaWorks Online Documentary
Listen to MayaWorks Podcast Chicago Public Radio
US Dept. of State Background Note: Guatemala

Organization Information

MayaWorks

Location: Berwyn, IL - USA
Website: http:/​/​www.mayaworks.org
Project Leader:
Jeannie Balanda
Executive Director
Chicago, Illinois United States
$10,702 raised of $25,000 goal
 
175 donations
$14,298 to go
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