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Venancia is from Mexico. She needs a loan of $475 to buy bananas, chili, chocolate, sugar, lard, table salt, cooking oil, cookies, "cacahuates" (peanuts) and different types of seeds.
Venancia is from Mexico. She needs a loan of $475 to buy bananas, chili, chocolate, sugar, lard, table salt, cooking oil, cookies, "cacahuates" (peanuts) and different types of seeds.
Venancia is a forty-nine year old woman. When she was young, she could not finish elementary school because of a lack of resources. Now, she is married to Victor, a land worker, and together they have four grown children who are all married. They live in a community called "La Defensa," an important sugar cane region where the sugar mill "Ingenio La Margarita" is located.
When Venancia was 14 years old, she began making and selling various Mexican dishes such as "moles" and "tamales," in order to improve the living conditions of her family.
A "Mole" is a typical Mexican dish prepared with an incredible combination of spices. Depending on the region of the country, the color of the sauce and the main ingredients vary. The word comes from the Nahuatl word "molli" which means "sauce."
A "tamale" is a typical little cake made with maize flour which can be stuffed with meat, cheese, sauce, or even fruits and other sweet ingredients. Its most important feature is that it is wrapped with banana or corn leaves. Its name comes from the Nahuatl word "tamalli" which means "wrapped."
Venancia now sells her dishes every Saturday and Sunday, waking up early in the morning to start her cooking. As she has been in this line of work for a long time, the locals already know her and make large "tamale" orders for special events. Venancia would like to further expand her business but she lacks the financial capital to do so.
With a loan from World Vision Venancia will be able to invest in her business by buying ingredients such as bananas, chocolate, chili, sugar, lard, table salt, cooking oil, "cacahuates" (Nahuatl word for peanuts), and different types of seeds. All of these ingredients are the main components of the Mexican dish "mole," cooked in Venancia's own style. She will also be able to buy banana leaves, maize and lard to bake "tamales."
Venancia is confident that this loan will help her improve her business. Having more ingredients and a larger quantity of food to prepare will allow her to increase her income to help her family and improve their living conditions.
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 community of Vincente Camalote is located in the state of Oaxaca, about two hours from the city of Tierra Blanca. The climate is warm and the landscape is lush and green. Many residents participate in agriculture, primarily harvesting sugar cane. Other economic activities include commerce and fishing.
World Vision is working to improve the health of families in Vincente Camalote by providing housing materials for the improvement of living spaces; restoring water tanks for access to clean water; and supporting medical treatment and HIV- and AIDS-awareness campaigns. We are also supporting education by training teachers and tutors and providing spiritual-formation workshops for teens.
Thank you for supporting a small business loan for Venancia Moreno Lagunes to expand her food and retail business where she sells tamales.
After receiving the loan from World Vision, she invested the $475 to buy bananas, chili, chocolate, sugar, lard, table salt, cooking oil, cookies, peanuts, and different types of seeds.
Venancia has been repaying her loan on time with her new profits!. She makes weekly payments of $23 .
In addition to repaying her loan, Venancia is using her additional income to buy supplies in bulk and expand the current business. Venancia's 4 children continue to study in school. Thank you for supporting World Vision micro and successful entrepreneurs like Venancia!
Thank you for supporting Venancia and World Vision Micro!
Thank you for supporting the business loan for Venancia Moreno Lagunes to improve her tamale business. She invested her loan of $475 to buy bananas, chili, chocolate, sugar, lard, table salt, cooking oil, cookies, "cacahuates" (peanuts) and different types of seeds.
Venancia has now repaid her loan in full.
In addition to repaying her loan, Venancia has used her income to buy supplies in bulk and improve her current business.
Venancia's four children continue to study in school.
The loan Venancia received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Venancia hopes to improve her home, expand the business and take out another loan.
Thank you for your support of Venancia and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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