Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Rosario Del Carmen is from Mexico. She has 1 child. She needs a loan of $325 to purchase a wider variety of shoes .
Rosario lives in Bochil in the state of Chiapas. She is a single mother of a one-year-old girl named Grettel. Rosario has been running a shoe store for approximately one year and faces the challenge of times when she does not get the exact shoes she orders and subsequently cannot deliver them to her clients.
Rosario is requesting a World Vision microloan to increase her shoe inventory for her store. By buying more shoes she will be able to offer more merchandise, increase customer satisfaction and increase her income. She wants to continue investing in her business for expansion and hopes to create four jobs for members of her community.
The additional income will improve her and her child's living conditions. People in her community can easily get the shoes they need without traveling. Rosario will use any savings to continue investing in her shoe store with a goal of increasing her customer base.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
There is no community update available at this time.
Thank you for supporting a small business loan for Rosario Del Carmen Zenteno Garcia to expand her retail and services business. After receiving the loan from World Vision, she invested the $325 to purchase a wider variety of shoes. Rosario Del Carmen has been repaying her loan on time with her new profits. She makes weekly payments of $20.
In addition to repaying her loan, Rosario Del Carmen is using additional income to purchase food for the animals, purchase food for the family, and expand the current business.
Thank you for supporting Rosario Del Carmen and World Vision Micro!
Thank you for supporting the business loan for Rosario Del Carmen Zenteno Garcia to improve her shoe store. She invested her loan of $325 to purchase a wider variety of shoes.
Rosario Del Carmen has now repaid her loan in full.
In addition to repaying her loan, Rosario Del Carmen has used her income to provide food for her family and expand the current business.
Rosario Del Carmen's child continues to study in school.
The loan Rosario Del Carmen received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Rosario Del Carmen hopes to start a new business, expand the current business and take out another loan.
Thank you for your support of Rosario Del Carmen and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.