Guatemala based Venture

Deals D000482
Description Weavers of Development is focused in strengthen entrepreneur skills in 120 indigenous women of Sololá, at the highlands of Guatemala, throughout access to credit and markets. These indigenous women, although having experience in entrepreneurial activities such as handicrafts and miscellaneous, have been historically excluded from bank credit, limiting their possibilities to growth due to lack of working and investment capital. The deal is seeking to enable women´s linkage to a formal Credit Union in the region, in order to promote production and commercialization of handicrafts and other economic activities. The methodology will be based in solidarity credit, a highly validated credit methodology with more than 10 years of experience in the local Credit Union, which will be responsible of managing the credit fund as a revolving fund and operating the credit methodology at market conditions to the women. Deal´s objectives are: 1) 120 indigenous women linked to working capital credit at
Country Of origin Guatemala
Funding Sector Philanthropy
Colloboration Type Desk due diligence