Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Abel is from Mexico. He has 1 child. He needs a loan of $400 to purchase a variety of shoes to sell .
Abel Panzo Panzo is a father of one child, he lives with his family in Tehuipango (Arranged Stones in Nahuatl). Abel works very hard buying and selling shoes to his local community, to help provide for his family. At this time, Abel lacks the funds needed to maintain his shoe selling business.
With a loan from World Vision, Abel will be able to purchase a variety of shoe stock to sell for profit within his community. With the purchase of this merchandise, it will allow Abel to grow his business and attract new customers. He'll also be able to grow his business and generate more income. With the additional income, Abel will be able to provide for all of his family's daily needs and also help with his transportation 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.
There is no community update available at this time.
Thank you for supporting a small business loan for Abel Panzo Panzo to expand his clothing, retail and services business. After receiving the loan from World Vision, he invested the $400 to purchase a variety of shoes to sell. Abel has been repaying his loan on time with his new profits. He makes weekly payments of $16.
In addition to repaying his loan, Abel is using additional income to purchase food for the family and expand the current business. Abel's child continues to study in school.
Thank you for supporting Abel and World Vision Micro!
Thank you for supporting the small loan for Abel Panzo Panzo to improve his shoe selling business. He invested his loan of $400 to purchase a variety of shoes to sell.
Abel has now repaid his loan in full. In addition to repaying his loan, Abel has used his additional income to purchase food for his family, expand his current business and do home repairs.
Abel's child continues to study in school.
The loan Abel received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Abel hopes to repair or expand their home and expand his current business.
Thank you for your support of Abel and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.