Women's Business Training Program
Yabal Guatemala’s women's entrepreneurship program focuses on skill-building for women in order to develop new businesses within their own communities that they can manage from home in order to increase income. Workshop themes include, accounting, math and budgeting, new product creation, customer service, marketing, self-confidence and leadership training.
Savings Circles and Community Micro-credit fund
In 2010, Yabal started a fund to lend money to families in one of the artisan communities in order to provide them with capital in order to rent farmland or start community businesses. In 2018, Yabal turned over the management of the fund to a community- run leadership council. As a group, they began charging small interest on loans in order to grow their capital with the dream to buy communal land for reforestation in the future. In 2018, with the support from Catholic Relief Services, Yabal Guatemala trained four facilitators from the communities of Cajola, Pacutama, and Chuicutama in women’s saving circles methodology. These four women leaders have since started savings groups with their fellow weavers to save money collectively and create capital within their communities. The focus is on saving money each week and then lending money out to members of the community. The earnings from interest are then shared amongst all at the end of each cycle. It is a way to allow rural women to access rapid cash advances when necessary, while keeping the interest earnings within the same community, as opposed to being paid to a third party bank or micro-credit loan organization.