Microcredit Program

Promotes the economic development of the urban and rural areas of southwestern Guatemala, through initiatives such as granting credits, training, and consulting entrepreneurs and small business owners.

Slide 73,511 people 66,832 women men 6,679

Regions in which were we present

Learn about Enma Noelia’s story

 

Consistency is the key to success

This is the story of Enma Noelia whose motivation in life is her six children. With this motivation running at full speed, she started her work in a beauty salon 25 years ago, where she has learned and improved what she had learned in the technical courses that she took. After becoming independent from her family’s home, she started a small business in a hair salon, making her services known, although later she would open her own salon, which she still has today.

In 2019 she added new services of manicures and pedicures, which allowed her to employ a young lady who helps her with these tasks. Previously in 2015, she needed to invest in her salon to meet demands during the high season. Just when she opened her salon, a new Communal Bank near her town opened. There she received a loan that she used to invest in the purchase of products and materials, which brought in earnings to support her family.

Enma Noelia is very happy with the training she got at the Communal Banks. The knowledge that gained from the training she has been able to apply to her business. That is why she wants to continue learning and growing her skills so that she can open another beauty salon where she can offer more services to the public. She is a highly motivated entrepreneur.

 

Enma Noelia Ramírez García

Program initiatives

1,400 small business owners accessed a loan to implement their working capital

457 small business owners received a new credit for their production or marketing

2,996 people received technical field advisement

864 women received technical advice, strengthening their economic activity

1,695 women accessed financing to build a home or buy land

921 people accessed new financing in order to build a house or acquire land

5,227 new beneficiaries were supported with microcredits to stimulate their small businesses

691 community banks remained active in supporting our small business owners

1,785 women were technically trained in 10 seminars, held at the same time in 3 Technical Centers