Margarita Montes de Oca Ruiz is from Zitácuaro, Mexico. She has 3 children. She needs a loan of $450 to improve her shoe-shine stand and buy more colors of shoe-shine, to provide higher quality service.
Margarita Montes de Oca Ruiz is from Zitácuaro, Mexico. She has 3 children. She needs a loan of $450 to improve her shoe-shine stand and buy more colors of shoe-shine, to provide higher quality service.
Margarita lives in Francisco Serrato, a rural town that retains most of its Mazahua traditions. She learned the shoe-shine business her husband started, because he had to leave to go work to make more money for their family of five. Because of this, she knows she needs to be an entrepreneurial person so that she could help her children. Today, after much hard work and dedication she now has a good location and she works every day from 8AM to 8PM.
She says her first loan was a huge help to not just her business but also her life, since without the loan, it would have been much more difficult to reach her goals. She would like another loan so that she can improve her shoe-shine stand and buy more colors of shoe-shine so that she can provide a better service to her clients as well as attract new ones.
Margarita is an excellent example of a hard-working, responsible mother who has been able to help her family through her hard work and dedication.
She is 32 years old, married and has 3 children. She has a good location in the central park of Zitácuaro.
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.
Margarita Montes de Oca Ruiz is from Zitácuaro, Mexico. She has 3 children. She needs a loan of $450 to improve her shoe-shine stand and buy more colors of shoe-shine, to provide higher quality service.
Crecencio Morales is a mountainous community that is home to an indigenous population of approximately 8,000. Elder members of the population still speak the Mazahua indigenous languages and weave traditional clothing.
Residents of Crecencio Morales live in poverty, depending primarily on agriculture, commerce, and the production of artisan goods for income. Most homes are made of wood and have only two rooms with dirt floors. Families cook their meals on wood stoves, as gas and electricity are limited. Few residents have access to toilets or running water; most use outhouses and fetch water from community wells.
In Crecencio Morales, World Vision is providing families with business training; helping farmers increase agricultural production and incomes; attending to the health needs of malnourished children; increasing access to safe water through the installation of water tanks; and providing tutoring and recreational opportunities.
Margarita Montes de Oca Ruiz is from Zitácuaro, Mexico. She has 3 children. She needs a loan of $450 to improve her shoe-shine stand and buy more colors of shoe-shine, to provide higher quality service.
We apologize for the delay in your promised mid-term report. When we reviewed the repayment status of your loan, it became apparent that your mid-term report had somehow slipped through the cracks. While World Vision has been giving microloans to the enterprising poor for over 20 years, Micro is a brand-new program. Our field staff has received updated training regarding the importance of prompt reporting back to donors, and you should be receiving an update soon.
Please let me assure you that what happened in this case is not typical of World Vision or Micro. We continue to be committed to providing you and all of our donors with consistent high-quality feedback. If you have any questions please do not hesitate to contact us at 1-888-511-6444 or by email at http://www.worldvisionmicro.org/pages/contact. Thank you for your continued support!
Margarita used her credit to buy materials for her shoe-shining business. She fixed-up the chair her clients sit in, and bought new brushes and polishes for her shoes. She has been working in this business for eight years, and her husband taught her how to do it before he passed away. She is now raising her three children by herself.
Overall she says that her business is going well. However, she the rainy season is going to start and this is when she has the least amount of business.
Her goals for the future are to help all of her three sons get ahead. Currently their living space consists of one room, which they all share. One day she hopes to provide them with a small house. Another dream consists in giving all of her sons an education. She is especially excited about the possibility of her oldest son (Jesus) becoming a doctor. She laughs, "I do not know where Jesus got the idea that he wanted to be a doctor. Most kids say that want to have such and such career, but then abandon it a few weeks later. Jesus has always stuck with this idea. He is 13 years old now, and he has been saying the same thing for the past three years!" Her eyes shine with admiration for the dedication Jesus has for his future career.
She thanks you for your support.
This loan has been repaid in full. These funds are now being made available to another eager entrepreneur in the same community.
