Margarita is from Mexico. She has 8 children. She needs a loan of $325 to purchase more ingredients such as peppers, cooking oil, tortillas, cheese and corn
Margarita “Mago” is a 54 year old woman from Montecillos, Guerrero, married, and a mother of eight children: Tomas, Carmelo, Justino, Benito, Fabián, Marcelo, Amada and Eduardo. Seven of her children are married and the youngest is 22 years old and lives with her because he is sick. He has issues with his ears and is unable to hear at the present time. Margarita sells Mexican snacks and dishes. She started this business because she was dedicated to helping her children have the best lives possible, she cared greatly about their education, and she wanted to improve their quality of life.
With her loan, she plans to buy a variety of chilies, onions, chicken, cooking oil, tortillas, cheese and everything else she needs to make tasty snacks. Currently, she says the economy is the reason why her sales are not as high as she would like. Because of this, she her profits were low, so she did not have enough money to reinvest into her business, so she did not have enough ingredients to make her food dishes. This decline also lost her some customers. However, with her loan, Margarita is confident that her sales will begin to increase.
Margarita is very thankful for her loan, her life, and her business. She wishes to continue to provide the best life for her family. Right now, Margarita is not able to send her son to an ear specialist to get evaluated for the problems that he has been having. She hopes that with an increased income, she will be able to send him to an appropriate doctor to get his the right care he needs. In addition, she plans to re-invest any additional profits back into her business. Her goal is to eventually move her business to bigger location and convert it into a restaurant. She knows that this will not be an easy thing to do or something that will happen quickly, but she eventually would like to have a bigger variety of food items, more customers, and increased profits.