Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Laura is from Mexico. She needs a loan of $475 to buy sandals for her store.
Laura is a widow who sells sandals in order to provide for herself and her son, Cristian Antonio, who is in high school. She runs the sandals store by herself, so when she travels to stock up on sandals, she has to close the business or ask someone else to help her.
With a loan from World Vision, Laura will buy better quality sandals. This will increase her sales and make it easier for her to afford closing the shop when she has to. She plans to improve her customer service as well as offer better products.
Laura's sandal shop benefits the members of her community who come to Laura to buy the shoes they need. The shop also sustains Laura and her son. Laura will use her additional income to take care of herself and her son.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Laura Zenteno Guzman to expand her clothing and retail business. After receiving the loan from World Vision, she invested the $475 to buy sandals for her store. Laura has been repaying her loan on time with her new profits. She makes weekly payments of $19.
In addition to repaying her loan, Laura is using additional income to purchase food for the animals, purchase food for the family and expand the current business. Laura's 1 child continues to study in school.
Thank you for supporting Laura and World Vision Micro!
Thank you for supporting the business loan for Laura Zenteno Guzman to improve her clothing business. She invested her loan of $475 to buy sandals for her store.
Laura has now repaid her loan in full.
In addition to repaying her loan, Laura has used her income to purchase food for the animals, provide food for her family and expand the current business.
Laura's child continues to study in school.
The loan Laura received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Laura hopes to start a new business, expand the current business and take out another loan.
Thank you for your support of Laura and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.