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Eleuteria is from Mexico. She needs a loan of $400 ro buy wholesale maize, beans and pumpkin seeds .
Eleuteria is from Mexico. She needs a loan of $400 ro buy wholesale maize, beans and pumpkin seeds .
Eleuteria is married to Flavio, a bricklayer. They have six children; only five of them are studying because the youngest one is only three. Eleuteria has been selling maize and beans for two years because she wanted to earn extra income to help provide a better quality of life for her family. Although she has always had enough resources to buy the most essential goods and supplies, she now needs some financial assistance to purchase wholesale seeds to increase her profits.
A World Vision microloan will help Eleuteria to buy wholesale maize, beans and pumpkin seeds in bulk at lower prices, which will increase her profit margin. Her future plan is to continue investing in this line of work; she wants a wider variety of seeds so that she can offer better variety to her customers and grow her customer base.
With the additional profits, she wants to ensure the studies of her children. She wants them to attend university so one day they can gain good-paying positions. She plans to reinvest her savings into the business, which will help her remain financially viable.
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 small community of Rio Santa Catarina, which derives its name from a local river, has a mountainous terrain and warm climate. Economic opportunities in this community are diverse as a result of its close proximity to the growing city of Ometepec.
In Rio Santa Catarina, World Vision is assisting farmers with production and marketing; educating families on disaster preparedness; and working to improve education through tutoring and teacher training. We are also providing healthcare services, nutritional training, and housing assistance.
Thank you for supporting a small business loan for Eleuteria Morales de Jesus to expand her food and grocery business. After receiving the loan from World Vision, she invested the $400 to buy wholesale maize, beans and pumpkin seeds. Eleuteria has been repaying her loan on time with her new profits. She makes weekly payments of $20.
In addition to repaying her loan, Eleuteria is using additional income to purchase food for the family, buy supplies in bulk and pay for transportation. Eleuteria's 3 children continue to study in school.
Thank you for supporting Eleuteria and World Vision Micro!
Thank you for supporting the small loan for Eleuteria Morales de Jesus to improve her food and grocery business. She invested her loan of $400 ro buy wholesale maize, beans and pumpkin seeds.
Eleuteria has now repaid her loan in full. In addition to repaying her loan, Eleuteria has used her additional income to purchase food for her family, buy supplies in bulk and pay for transportation.
Eleuteria's three children continue to study in school.
The loan Eleuteria received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Eleuteria hopes to expand the current business and take out another loan.
Thank you for your support of Eleuteria and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.
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