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Emigdio is from Mexico. He needs a loan of $400 to buy pasture, vaccines and medicine for the animals. .
Emigdio is from Mexico. He needs a loan of $400 to buy pasture, vaccines and medicine for the animals. .
Emigdio grew up in Caxapa where his father taught him everything he knows to work the land. Like most people in the Caxapa community, working the land and collecting tree resin is their livelihood. However, for 58 year old Emigdio, there was another dream - to raise livestock.
Yet unmarried, Emigdio began working out this new way of life eight years ago beginning with cows, and has recently been able to add horses. Acquiring the animals when they are young, he raises and cares for them until they are ready to sell, then reinvests the profits for more livestock and supplies.
With a World Vision loan, Emigdio will be equipped to purchase needed vaccines and medicine to keep all his animals in the best possible condition. Additionally, Emigdio plans to buy his own pasture land to increase his horse herd.
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 empowering Emigdio Anastacio castro with the opportunity to expand his livestock sales business. With the $400 loan Emigdio was able to buy pasture, vaccines and medicine for the animals.
Emigdio is on his way to repaying his small business loan, as he makes weekly payments of $16.
Thanks to the profits he has earned, Emigdio can afford to buy supplies in bulk and expand his current business.
Thank you for supporting hardworking entrepreneurs like Emigdio and World Vision Micro!
While Emigdio Anastacio Castro initially invested in his business loan by purchasing to buy pasture, vaccines and medicine for the animals, he has struggled to repay his loan. While we continued to work with Emigdio to help him reestablish his business, we regret to report that Emigdio has now defaulted on his loan.
Emigdio prays that he will someday be able to restart his business so that he can better provide for his family. Emigdio would like to thank the donors who partnered with him. Please pray for Emigdio and his family during this difficult time.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations.
Thank you for your understanding, and your support of World Vision Micro. If you have any questions or concerns, please feel free to call our Customer Care line at 1-888-511-6444.
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