Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Raquel is from Mexico. She needs a loan of $475 to purchase more clothing stock for business .
Raquel Mendoza Cruz is a twenty six year old mother of three children, she is married to Jorge who is a local taxi driver. Raquel lives with her family in San Vicente where she works hard at her clothing business within her community, to help earn a living for her family. At this time, Raquel lacks the funds needed to sustain her clothing business.
With a loan from World Vision, Raquel will be able to purchase all the clothing stock she'll need to sustain her business. Raquel will also be able to grow her business and increase her income. With the additional income, Raquel will be able to provide better living conditions for her family and provide for their daily needs.
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 Raquel Mendoza Cruz to expand her clothing and retail business. After receiving the loan from World Vision, she invested the $475 to purchase more clothing stock.
Raquel has been repaying her loan on time with her new profits. She makes weekly payments of $19.
In addition to repaying her loan, Raquel is using additional income to buy supplies in bulk and expand the current business. Raquel's children continue to study in school.
Thank you for supporting Raquel and World Vision Micro!
Thank you for supporting the small business loan for Raquel Mendoza Cruz to improve her clothing business. She invested her loan of $475 to purchase more clothing stock for business.
Raquel has now repaid her loan in full.
In addition to repaying her loan, Raquel has used her additional income to buy supplies in bulk and expand her current business.
Raquel's three children continue to study in school.
The loan Raquel received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Raquel hopes to send other children to school, improve the business and take out another loan.
Thank you for your support of Raquel and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.