Marlsen Miranda Santiago is from Cuajinicuilapa, Mexico. She has 1 child. She needs a loan of $400 Offering the larger variety of products her clients want.
Marlsen Miranda Santiago is from Cuajinicuilapa, Mexico. She has 1 child. She needs a loan of $400 Offering the larger variety of products her clients want.
Marlen is a single mother in Cuajinicuilapa hoping to give more time to her son. Marlen began her business selling beauty products from a catalog from house to house, but this did not leave her very much time to spend with her son. She has seen that selling from a catalog is a good business and also her clients are asking for more and more products, especially shoes.
Noting this, she would benefit from a loan so that she can increase her earnings and offer a better variety to her clients. Through this she will be able to help her son more and more.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Marlsen Miranda Santiago is from Cuajinicuilapa, Mexico. She has 1 child. She needs a loan of $400 Offering the larger variety of products her clients want.
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.
Marlsen Miranda Santiago is from Cuajinicuilapa, Mexico. She has 1 child. She needs a loan of $400 Offering the larger variety of products her clients want.
We apologize for the delay in your promised mid-term report. When we reviewed the repayment status of your loan, it became apparent that your mid-term report had somehow slipped through the cracks.
While World Vision has been giving micro loans to the enterprising poor for over 20 years, Micro is a brand-new program. Our field staff has received updated training regarding the importance of prompt reporting back to donors, and you should be receiving an update soon.
Please let me assure you that what happened in this case is not typical of World Vision or Micro. We continue to be committed to providing you and all of our donors with consistent high-quality feedback.
If you have any questions please don't hesitate to contact us at 1-888-511-6444 or by email at http://www.worldvisionmicro.org/pages/contact . And thank you for your continued support
As Mrs. Marlen continued to work in her business, she quickly found that while her costumers asked for shoes, in fact her star products were the beauty products. It is for this reason she decided to invest her loan by expanding her inventory in beauty products and investing just a little portion of the loan in shoes.
This has turned out to be a wise decision, as she says that the beauty products give her more profit.
Mrs. Marlen has repaid her loan in full.
She thanks you, the donors, as well as the staff of World Vision for helping her to improve her business. Thank you.
