What is the MOST SIGNIFICANT difference between these two coin purses?
- One costs $1.62 more than the other.
- One was purchased in the market in Guatemala and one from a fair trade cooperative.
- One helps Guatemalans break out of the continuous cycle of poverty and the other keeps them in it.
- The weaving of either coin purse requires two hours.
- The sewing of either coin purse requires ten minutes.
- Bringing the product to market and/or finding a buyer requires additional time.
- Both coin purses require $0.30 in materials.
The purpose of cooperatives is to band artisans together to set prices in order to begin to compensate those who bring the product to market with a reasonable wage. As you can see from the breakdown, the wages are still modest but they can provide the basic necessities that mean the difference between a mal-nourished, chronically ill family and a healthy family.