Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Gregorio is from Mexico. He needs a loan of $325 to buy more spare car parts to use in his repair shop.
Gregorio lives in Bochil along with his wife Maria and their three children: Vianey, Imelda and Karla. He has been working as a car mechanic for 14 years. There is a great need for Gregorio's services in his community but Gregorio's main struggle is that he does not have sufficient spare car parts to meet the demand of his many clients and to continue his work.
A loan from World Vision will be very useful for Gregorio's business because he will be able to buy necessary spare car parts in order to offer a better service to his customers. The profits will be used to provide for his family and to reinvest in his business. In the future, Gregorio would like to buy more tools for his shop.
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.
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Thank you for supporting a small business loan for Gregorio Jimenez Gutierrez to expand his services business where he repairs cars. After receiving the loan from World Vision, he invested the $325 to buy more spare car parts to use in his repair shop.
Gregorio has been repaying his loan on time with his new profits. He makes weekly payments of $20. In addition to repaying his loan, Gregorio is using his additional income to purchase food for the animals, purchase food for his family, and expand the current business.
Gregorio's 2 children continue to study in school. She is very thankful for the help that the loan has provided for his business.
Thank you for supporting Gregorio and World Vision Micro!
Thank you for supporting the small loan for Gregorio Jimenez Gutierrez to improve his services business. He invested his loan of $325 to buy more spare car parts to use in his repair shop.
Gregorio has now repaid his loan in full. In addition to repaying his loan, Gregorio has used his additional income to purchase food for the animals, purchase food for the family and expand the current business.
Gregorio's 2 children continue to study in school.
The loan Gregorio received helped his business expand, and the profits he is earning create lasting improvements in his life. In the future, Gregorio hopes to continue to send his children to school, expand the current business and take out another loan.
Gregorio is very grateful for the loan, which has helped him improve his repair shop.
Gregorio has repaid his loan in full, 100%. These loan funds are now available to help another worthy entrepreneur in his community. Thank you for supporting Gregorio and World Vision Micro!