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Lorena R

Lorena is from Mexico. She has 3 children. She needs a loan of $400 to buy more chicken to sell.

Commerce
Community:
Crescencio Morales
Country:
Mexico
other entrepreneurs here Mexico

Summary

Lorena is from Mexico. She has 3 children. She needs a loan of $400 to buy more chicken to sell.

  • Top Goals To buy more chicken to sell
  • Children Helped 3

Lorena's Story

Lorena, 38, sells chicken at a stand by the highway in her community of San Felipe Michoacan, Mexico. She has been running her business for 18 years to help her husband, Oscar, a factory worker, support their family.

A loan from World Vision will help her buy more chicken to split into pieces and sell, allowing her to expand her business and move toward her long-term goals.

She wakes up very early to prepare the chicken for sale. She has suffered from arthritis due to the conditions of her work, including cleaning chicken in hot water and then selling it in cold weather. She continues working despite her pain so she can provide for her three children.

Lorena hopes to be able to buy her own space to run her business rather than renting. Her biggest dream, though, is to run her own farm.

She plans to use her increased income to provide for her children’s education and future, and to invest more money in her business.

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Industry Info

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.

Lorena's Community

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.

Lorena's Mid Term Update August 07, 2012

Thank you for supporting a small business loan for Lorena Rojas Hernandez to expand her food and livestock business where she sells chickens.

After receiving the loan from World Vision, she invested the $400 to buy more chicken to sell by the kilo. She has now been making a higher income.

Lorena has been repaying her loan on time with her new profits. She makes weekly payments of $20. In addition to repaying her loan, Lorena is using her additional income to buy chickens of a better quality and expand the current business. Lorena's 3 children continue to study in school.

Thank you for supporting Lorena and World Vision Micro!

Lorena's Final Update October 16, 2012

Lorena

Thank you for supporting the small loan for Lorena Rojas Hernandez to improve her chicken stand business. She invested her loan of $400 to buy more chicken to sell.

Lorena has now repaid her loan in full. In addition to repaying her loan, Lorena has used her additional income to buy supplies in bulk and expand her current business.

Lorena's 3 children continue to study in school.

The loan Lorena received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Lorena hopes to expand her current business and take out another loan.

Thank you for your support of Lorena and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$400

Amount raised

$400
$400
100%

Help Lorena

12 Donors

  • Bobby
    May 12, 2012
    Contributed to 50 other loans
  • Barbara
    May 18, 2012
    Contributed to 0 other loans
  • Sandra
    May 22, 2012
    Contributed to 88 other loans
  • Carrie
    May 22, 2012
    Contributed to 23 other loans
  • Debra
    May 22, 2012
    Contributed to 31 other loans
  • Vickie
    May 22, 2012
    Contributed to 9 other loans
  • Kittle's
    May 22, 2012
    Contributed to 12 other loans
  • Angela
    May 22, 2012
    Contributed to 37 other loans
  • Amanda
    May 22, 2012
    Contributed to 26 other loans
  • Ben
    May 22, 2012
    Contributed to 25 other loans
  • Linda
    May 22, 2012
    Contributed to 34 other loans
  • Caroline
    May 26, 2012
    Contributed to 1 other loans

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