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Adelina is from Mexico. She needs a loan of $400 to buy ingredients and material for baking "bolillos" (a type of bread).
Adelina is from Mexico. She needs a loan of $400 to buy ingredients and material for baking "bolillos" (a type of bread).
Adelina (or Ade as the people in her community call her) lives in a municipality in the state of Guerrero called Marquelia (known in the past as “Potzahualco” meaning "Place Plentiful of Water" in Nahuatl). This area is surrounded by rivers, creeks, lagoons, beautiful beaches and a waterfall. It is also a region full of tropical plantations: coconut, guava, tamarind, papaya, banana and hibiscus.
Ade is a 42-year-old widow with four children, three of whom are married and the youngest who is still attending elementary school. Her husband passed away five years ago. Three years ago, she began baking and selling "bolillos," a typical Mexican bread similar to a French baguette that is commonly baked in a masonry oven. She explains that she needed to find a way to continue providing for her family and considering that her parents taught her long ago how to bake "bolillos," it seemed like the perfect business for her.
Ade would like to continue and expand her business but she lacks the financial capacity to do so. With a World Vision loan she will be able to buy ingredients and material for baking "bolillos" including flour, sugar, yeast, table salt and firewood. Ade plans to use the additional profits to save for her son's education. She would like to see him go to university and eventually have an excellent career and a good job position. Ade would also like to improve her business by investing in it little by little and eventually buying a mixer and a cutter to make her work easier and faster.
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.
Residents of the community of Cuajinicuilapa are primarily a mix of native Mexicans and Africans, who originally arrived with the Spanish conquistador Hernan Cortes. The region’s close proximity to the coast enables residents to participate in a wide range of economic activities, including commerce, agriculture, and fishing.
In Cuajinicuilapa, World Vision is working to improve healthcare and has conducted HIV- and AIDS-awareness campaigns, formed support groups, provided testing, and trained community members to care for those who are affected by the disease. We have also emphasized the importance of education to parents and trained community leaders to provide tutoring to students, helping them improve academic performance.
Thank you for supporting a small business loan for Adelina Laureano Aburto to expand her bread selling business. After receiving the loan from World Vision, she invested the $400 to buy ingredients and material for baking bread.
Adelina has been repaying her loan on time with her new profits. She makes weekly payments of $25.
In addition to repaying her loan, Adelina is using additional income to purchase food for the family, buy supplies in bulk and pay for transportation. Adelina's young child continues to study in school.
Thank you for supporting Adelina and World Vision Micro!
Thank you for supporting the small loan for Adelina Laureano aburto to improve her food and retail business. She invested her loan of $400 to buy ingredients and material for baking bolillos(a type of bread).
Adelina has now repaid her loan in full. In addition to repaying her loan, Adelina has used her additional income to purchase food for the family, buy supplies in bulk and pay for transportation.
Adelina's child continues to study in school.
The loan Adelina received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Adelina hopes to expand the current business and take out another loan.
Thank you for your support of Adelina and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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