Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Marisol is from Mexico. She has 2 children. She needs a loan of $400 to buy stock of shoes, sneekers, sandals, high heels, etc. .
Marisol is 28 years old, married with two children: Estefania and Leonardo. She has been selling perfumes and shoes for 9 years. She chose this business because shoes and pefumes are popular products that local people purchase in her community.
A World Vision microloan will allow Marisol to restock her rented store with catalogs, shoes, sneekers, sandals, high heels, perfumes, deodorants and lotions. A larger stock, with more variety, will help her be competitive and increase her sales. Marisol wants to build an establishment to open her own shoe store when she is financially able to afford the investment.
The additional income will give her children the opportunity to attend university, which is important to Marisol. Any savings will be used to keep investing in her retail business to ensure her family's livlihood.
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 Marisol Romero Montalvan to expand her clothing and retail business where she sells shoes. After receiving the loan from World Vision, she invested the $400 to buy a stock of shoes, sandals, high heels, etc.
Marisol has been repaying her loan on time with her new profits. She makes weekly payments of $16.
In addition to repaying her loan, Marisol is using additional income to purchase food for the family, buy supplies in bulk and expand the current business. Marisol's two children continue to study in school.
Thank you for supporting Marisol and World Vision Micro!
Marisol Romero Montalvan has successfully repaid her small business loan. She invested the $400 for her commerce business.
Thanks to the loan that she received, Marisol was able to use the profits from her business to expand her current business and buy supplies in bulk. In the future, Marisol aspires to earn enough to expand her current business and repair or expand their home.
Marisol's two children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Marisol through World Vision! These funds are now available to help other entrepreneurs in Marisol's community.