Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Irene is from Mexico. She has 1 child. She needs a loan of $100 to purchase chickens for resale .
Irene, a hardworking, single mother of a 6-year-old girl, named Abigal, lives in Vicente. This community is an outstanding sugar cane region in the state of Oaxaca where there is also a sugar mill: "Ingenio La Margarita". Five years ago, Irene started selling chickens to support her daughter and to offer her better educational opportunities. She usually takes chicken orders one day prior to delivery, when she wakes up early to start cutting and cleaning the pieces.
She wants to use a World Vision microloan to buy more chicken inventory, a scale and plastic bags--material she needs to conduct her business. Irene wants to continue investing in her business to get the maximum income she needs to support her young daughter.
Any additional savings, after her loan repayment, will be used to pay for Abigail's future university expenses.
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.
The community of Vincente Camalote is located in the state of Oaxaca, about two hours from the city of Tierra Blanca. The climate is warm and the landscape is lush and green. Many residents participate in agriculture, primarily harvesting sugar cane. Other economic activities include commerce and fishing.
World Vision is working to improve the health of families in Vincente Camalote by providing housing materials for the improvement of living spaces; restoring water tanks for access to clean water; and supporting medical treatment and HIV- and AIDS-awareness campaigns. We are also supporting education by training teachers and tutors and providing spiritual-formation workshops for teens.
Thank you for supporting a small business loan for Irene Hernadez Lopez to expand her food and retail business. After receiving the loan from World Vision, she invested the $100 to purchase chickens for resale. Irene has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Irene is using additional income to buy supplies in bulk and expand the current business. Irene's child continues to study in school.
Thank you for supporting Irene and World Vision Micro!
Thank you for supporting the small loan for Irene Hernadez Lopez to improve her food and retail business. She invested her loan of $100 to purchase chickens for resale.
Irene has now repaid her loan in full. In addition to repaying her loan, Irene has used her additional income to buy supplies in bulk and expand the current business.
Irene's child continues to study in school.
The loan Irene received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Irene hopes to improve their home, expand the current business and take out another loan.
Thank you for your support of Irene and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.