Rosario Enriquez and her husband, Edgar Chinchilla, achieved business success for themselves—as well as credit for their customers—through credit unions.
The Guatemalan couple started their bridal and gown business twenty years ago. As their business and number of employees grew, they needed to invest in material.
"At the credit union," Edgar explains, "we were able to get more money and better rates than at the bank." Other Guatemalan financial institutions charge as much as 36% annual interest on loans; the credit union charged 20% and approved the loan in just eight days."We now give credit to customers because of the credit union," says Rosario. "I'm so happy we are members." Back