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09/29/2007

Small loans, big return

by Jeremy Schwartz - Cox Correspondent

Small loans, big return: CARE microcredit program in Guatemala helps poor women and their daughters build economic success

Cienega Grande, Guatemala —- Eight years ago, when no one would give a poor, indigenous woman with no education a loan, Doris Yaneth Tax became a pioneer.

The Atlanta-based non-profit CARE came to town and offered Tax (pronounced TASH) and a handful of her villagers a small loan to start a business. She remembers being nervous —- $100 seemed like a lot of money to pay back.

But eight years later, Tax has left her rented hut and job as housekeeper. Her family has its own home and a patch of land to grow corn, and she runs a profitable business making blouses and bracelets. Click here for the rest of the story


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