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Monica is from Mexico. She has 2 children. She needs a loan of $400 to buy maize, lime and firewood to sell .
Monica is from Mexico. She has 2 children. She needs a loan of $400 to buy maize, lime and firewood to sell .
Monica, her husband and their two children, Alejandra and Martin, live in Ometepec. Monica has been selling maize and maize dough for the past four years. She started her own business in order to provide her children with a better quality of life. So far, her business has been profitable. Maria has never encountered any major setbacks and is thankful that she has the full support of her husband. She sells the most basic ingredients for making tortillas, which are an important element in almost every Mexican dish.
She is requesting a loan to buy more maize, lime and firewood. With the loan, she will be able to quickly improve her business activity and earn more income for her family. She hopes to one day have her own permanent establishment and sell tortillas and other products. With the earnings from her business, her family will be able to live well. In the future, she will be able to support her children through their studies at a university.
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 Monica De Jesus Herminia to expand her food and retail business. After receiving the loan from World Vision, she invested the $400 to buy maize, lime and firewood to sell. Monica has been repaying her loan on time with her new profits. She makes weekly payments of $25.
In addition to repaying her loan, Monica is using additional income to purchase food for the family, buy supplies in bulk, and pay for transportation. Monica's 2 children continue to study in school.
Thank you for supporting Monica and World Vision Micro!
Thank you for supporting the small loan for Monica De Jesus Herminia to improve her food and retail business. She invested her loan of $400 to buy maize, lime and firewood to sell.
Monica has now repaid her loan in full. In addition to repaying her loan, Monica has used her additional income to buy supplies in bulk and purchase school supplies for her children.
Both of Monica's children continue to study in school.
The loan Monica received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Monica hopes to expand the current business and take out another loan.
Thank you for your support of Monica and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.
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