Elvira Yépez Montero is from Acatlan de Pérez Figueroa, Mexico. She has 3 children. She needs a loan of $375 Purchase additional merchandise for store.
Elvira Yépez Montero is from Acatlan de Pérez Figueroa, Mexico. She has 3 children. She needs a loan of $375 Purchase additional merchandise for store.
Elvira Yépez Montero has a small basic goods store and sells tamales and other traditional foods on the side during the weekends. Elvira would like a loan so that she can better stock her store and provide more variety for her clients.
Elvira is married with three childen and lives in Acatlan de Pérez Figueroa, in Oaxaca. She says that her store brings in enough money that the quality of life of her family has improved, even while selling affordable products to help her neighbors.
Right now she is happy because this loan will enable her to have more variety in her store and bring in many more customers. With the increased income she will be able to improve her home and increase the quality of life for her family.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Elvira Yépez Montero is from Acatlan de Pérez Figueroa, Mexico. She has 3 children. She needs a loan of $375 Purchase additional merchandise for store.
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.
Elvira Yépez Montero is from Acatlan de Pérez Figueroa, Mexico. She has 3 children. She needs a loan of $375 Purchase additional merchandise for store.
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 don't 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!
Elvira used the loan funds to purchase sheep and to open a grocery store.
Unfortunately, during the eighth week of the program cycle the majority of the group members weren’t making their payments. Due to this situation, the group to which Elvira belonged to, was dropped.
Elvira prays that she will soon be able to restart her business so that she can provide for her family.
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. We regret to inform you that this entrepreneur has defaulted on their loan, but hope you will continue to support them by praying for their business and family. Once again, thank you for supporting World Vision Micro!
