Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Catalina is from Mexico. She needs a loan of $925 to purchase additional clothing to sell.
Mrs. Catalina lives in a community where people are very caring and responsible. She has two children, the eldest is in elementary school and the youngest is just two years old. Her dream is to have a business that will generate better profits. She would like to open her own beauty salon, and she would also like to spend more time painting ceramics.
Sometimes profits are good, but some other times they are not. Sometimes she sells clothes, but she wants to start a business focused on an activity that she really likes. And she needs to invest if she’s going to meet her goals.
The loan will benefit her family because she will now be able to buy a wider variety of products to offer to her clients. She wants to grow her business now that her children are young. She would also like to open her beauty salon now because, once both of her children are in school, everything will be more complicated.
So, her dream is to have her own beauty salon and to see her second hand clothing store grow. She knows that she needs to work very hard to be able to reach her dream.
The profits that she’s making are helping her to cover the home expenses, and she saves her husband’s salary so they can pay the loan back. Now things are good because they are both working.
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.
Home to a primarily ethnic Mazahua population, the community of Najhé is located in a mountainous region in northeastern Mexico State. The climate is sub-humid, but temperatures are typically cool due to the region’s high elevation. Windstorms are common during the early spring, followed by heavy rains in the summer and frost in the winter.
Women in Najhé continue to wear typical Mazahua dress, and some community members uphold traditional artisan practices, producing pottery, woodwork, and crafts made of wool. The primary economic activity is agriculture. Squash, beans, and fruit are grown for consumption, while corn is grown both to eat and to sell.
World Vision’s work in Najhé includes agricultural assistance to improve nutrition and family incomes; vocational training and tutoring sessions; and self-esteem workshops. We are also working to improve health conditions by training volunteers who can educate community members and by providing housing materials that will contribute to better living environments.
Mrs. Catalina invested her loan in the purchase of clothes for all of her family. She buys clothes of all sizes and then sells them. She always walks door-to-door to sell them.
She had sold only a few clothing items, but now sells more than before. That's because she bought more clothes and people can choose the sizes and the assortment that they like most.
Mrs. Catalina has not had any type of debt. She has had problems gathering all of the money needed, but has always paid on time. She never fails, because she knows that it is important to make the payments.
"Success is when people pay in cash. I let people pay me over time, making payments, but sometimes they do not fully pay me."
She is grateful for the support, because she has been able to solve her problems. She would like to see if the interest could be lowered.
Thank you for supporting Mrs. Catalina and World Vision Micro!
Mrs. Catalina's business has increased, thanks to the loan. She bought more second-hand clothes than before, and she also purchased some new clothes. She will be buying more clothes to earn more money, and that is how she has decided to invest the loan.
Her family has also benefited, because she is able to buy clothing for her children, husband, and herself. She supports her family with the profits to get food. She goes to Mexico City to get the clothes that she sells in her community.
She has finished paying the loan and wants to update her credit, because it supported her business and her family. She feels that it is necessary so that she might continue working and getting better results.
Mrs. Catalina would like to continue counting on the support. She has never failed with the payments, even though there have been times when she does not have enough money, and she also has many expenses with her children.
She wants to get her own locale so that she can stop selling clothes in the markets and door-to-door. She wants to build it in her house, or find a place to rent near her home.
Mrs. Catalina has repaid her loan in full. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Mrs. Catalina and World Vision Micro!