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Miriam is from Mexico. She needs a loan of $550 to buy products like braziers, bins, and comales (metal hotplates for cooking).
Miriam is from Mexico. She needs a loan of $550 to buy products like braziers, bins, and comales (metal hotplates for cooking).
Miriam is a single twenty-four year old who runs a store where she sells household items. She began working in her parents' shop as a child, and they have taught her to run a successful shop. Now she lacks the capital to invest in more products for her store, so she will use a loan from World Vision to buy more braziers, bins, comales (metal hotplates for cooking), and other domestic products to sell.
Miriam always does her best in her job, since she is very enterprising and determined. She is confident that a loan will help her increase her sales and expand her market share. She is optimistic that her hard work will result in success for her business.
Selling products like comales and ecological stoves benefits Miriam's community and her environment. Miriam plans to continue developing her business. She will use her additional income to cover her family's nutritional 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.
Home to a primarily ethnic Mazahua population, the community of Najhé is located in a mountainous region in northeastern Mexico State. The climate is sub-humid, but temperatures are typically cool due to the region’s high elevation. Windstorms are common during the early spring, followed by heavy rains in the summer and frost in the winter.
Women in Najhé continue to wear typical Mazahua dress, and some community members uphold traditional artisan practices, producing pottery, woodwork, and crafts made of wool. The primary economic activity is agriculture. Squash, beans, and fruit are grown for consumption, while corn is grown both to eat and to sell.
World Vision’s work in Najhé includes agricultural assistance to improve nutrition and family incomes; vocational training and tutoring sessions; and self-esteem workshops. We are also working to improve health conditions by training volunteers who can educate community members and by providing housing materials that will contribute to better living environments.
Thank you for supporting a small business loan for Miriam Plata Garduño to expand her retail shop. After receiving the loan from World Vision, she invested the $550 to buy products such as storage bins and cooking equipment.
Miriam has been repaying her loan on time with her new profits. She makes weekly payments of $32.
In addition to repaying her loan, Miriam is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Miriam and World Vision Micro!
Thank you for supporting the small loan for Miriam Plata Garduño to improve her retail business. She invested her loan of $550 to buy products like braziers, bins, and comales (metal hotplates for cooking).
Miriam has now repaid her loan in full. In addition to repaying her loan, Miriam has used her additional income to purchase food for her family, purchase school supplies for her children and expand the current business.
The loan Miriam received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Miriam hopes to improve her family's home, expand the current business and take out another loan.
Thank you for your support of Miriam and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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