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Armando is from Mexico. He has 4 children. He needs a loan of $400 to buy embroidery needles and thread .
Armando is from Mexico. He has 4 children. He needs a loan of $400 to buy embroidery needles and thread .
Armando (32) is married to Ausencia. They have four school-aged children; all of them are attending elementary school. Along with growing avocado and corn, he also creates and sells embroidered clothing. He explains,"My wife was the one who taught me how to create my handicrafts because we needed extra income to pay for our children's school expenses." He wants to make more items to sell and raise more avocados,(a cash crop)but has not had extra money buy embroderiy supplies or manure for his avocado plants.
With the loan from World Vision, Armando will be able to sell more handicafts and avocados. This will enable Armando to better provide for his family and ensure his children receive an education. In the future, he plans to raise additional fruits and vegetables to sell.
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.
Crecencio Morales is a mountainous community that is home to an indigenous population of approximately 8,000. Elder members of the population still speak the Mazahua indigenous languages and weave traditional clothing.
Residents of Crecencio Morales live in poverty, depending primarily on agriculture, commerce, and the production of artisan goods for income. Most homes are made of wood and have only two rooms with dirt floors. Families cook their meals on wood stoves, as gas and electricity are limited. Few residents have access to toilets or running water; most use outhouses and fetch water from community wells.
In Crecencio Morales, World Vision is providing families with business training; helping farmers increase agricultural production and incomes; attending to the health needs of malnourished children; increasing access to safe water through the installation of water tanks; and providing tutoring and recreational opportunities.
Thank you for supporting a small business loan for Armando Carmona dorantes to expand his clothing, farming, food, retail, grocery and health/beauty business. After receiving the loan from World Vision, he invested the $400 to buy embroidery needles and thread. Armando has been repaying his loan on time with his new profits. He makes weekly payments of $20.
In addition to repaying his loan, Armando is using additional income to buy supplies in bulk, purchase fertilizer and expand the current business. Armando's 4 children continue to study in school.
Thank you for supporting Armando and World Vision Micro!
Thank you for supporting the small business loan for Armando Carmona Dorantes to improve his craft and embroidery business. He invested his loan of $400 to buy embroidery needles and thread.
Armando has now repaid his loan in full.
In addition to repaying his loan, Armando has used his income to buy supplies in bulk and expand his current business.
Armando's four children continue to study in school.
The loan Armando received helped his business expand and the profits he is earning create lasting improvements in his life. In the future Armando hopes to start a new business and purchase livestock.
Thank you for your support of Armando and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
