Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Elena is from Mexico. She has 4 children. She needs a loan of $400 to buy fruits and vegetables such as bananas, apples, oranges, peaches, tomatoes, chili, onions, potatoes and more.
Elena, her husband Medardo and their four children live in historic Azoyu in the state of Guerrero. Two of her children are already married. Elena began selling vegetables eight years ago and has been selling them ever since. She started the business because she saw that there were not many other people taking up this line of work. She sought to start her own business so that she could better support her family. So far her business has been very successful. She is making a name for herself in the community and gaining more clients.
Elena is requesting a loan to buy more fruits and vegetables such as bananas, apples, oranges, peaches, tomatoes, chili, onions, potatoes and more. Elena sees the loan as an opportunity to make major changes in her business and she will put all of her efforts towards making her business a success. She wants to get more income and better help her family. In the future, she would like to have her own permanent vegetable shop, so that she could sell her goods in a larger venue and nicely arrange the stock. Elena's goal is to see her two younger children continuing to study, all the way through university. She wants them to get good jobs and to be very successful.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
The small community of Rio Santa Catarina, which derives its name from a local river, has a mountainous terrain and warm climate. Economic opportunities in this community are diverse as a result of its close proximity to the growing city of Ometepec.
In Rio Santa Catarina, World Vision is assisting farmers with production and marketing; educating families on disaster preparedness; and working to improve education through tutoring and teacher training. We are also providing healthcare services, nutritional training, and housing assistance.
Thank you for supporting a small business loan for Elena Maximiano Mendoza to expand her food and retail business. After receiving the loan from World Vision, she invested the $400 to buy bananas, apples, oranges, peaches, tomatoes, chilis, onions, potatoes and other fruits & vegetables.
Elena has been repaying her loan on time with her new profits. She makes weekly payments of $16.
In addition to repaying her loan, Elena is using the additional income to purchase food for the family and to purchase fertilizer. Elena's 4 children continue to study in school.
Thank you for supporting Elena and World Vision Micro!
Thank you for supporting the small loan for Elena Maximiano Mendoza to improve her food and retail business. She invested her loan of $400 to buy fruits and vegetables such as bananas, apples, oranges, peaches, tomatoes, chili peppers, onions, potatoes and more.
Elena has now repaid her loan in full. In addition to repaying her loan, Elena has used her additional income to purchase food for the family, buy supplies in bulk and pay for transportation.
Elena's 4 children continue to study in school.
The loan Elena received helped her business expand, and the profits she is earning create lasting improvements in her life. In the future, Elena hopes to expand the current business and take out another loan.
Thank you for your support of Elena and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.