Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Maria Del Socorro is from Mexico. She needs a loan of $1,500 to purchase tomatoes, onions, groceries, cooking oil, beans, rice, sugar, toilet paper, and cookies to sell.
Mrs. Maria del Socorro Doroteo Moreno is from the community of La Coraza, which is 30 minutes away from Vicente Camalote in the state of Oaxaca. She’s 44 years old and married to Mr. Juan Casales. She has 4 grown children, two boys and two girls. She and her husband now live with their 5 year old granddaughter, Britani, who attends pre-school.
Four years ago, Maria started a small grocery store from her home. Over time, she has invested more into her store and she has even started selling tacos on Friday, Saturday, and Sunday afternoons. She has requested a loan from World Vision in order to help stock her store with potatoes, onions, soap, oil, beans, sugar, toilette paper, and cookies.
Maria is very grateful to World Vision for giving her the opportunity to grow her small business. She hopes to one day see her store grow into a mini-supermarket, and to continue working to provide little Britani with the opportunity to continue her schooling.
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.
Mrs. Socorro reported to us that she invested the funds from the loan into the purchase of rice, beans, cooking oil, soup, soap, tooth paste, beverages, candies, coffee, cookies, juice, candles, cream, cheese, tomatoes, hot peppers, onions, toilet paper, and canned peppers in order to resupply her stock.
Her sales have been good for the last few months because there are more jobs in the area when the local sugar refinery is in full production, which means there is more money for most of the families to spend.
Mrs. Socorro has made her loan payments punctually, largely thanks to her parents who taught her to be responsible ever since she was a very young child.
She has also begun to sell steamed cooked tacos and other Mexican foods on Saturday and Sunday afternoons, in order to generate extra income.
She's very thankful to World Vision for the loan they grated her.
Thank you for supporting Mrs. Socorro and World Vision Micro!
Socorro says that she is very grateful to World Vision and it's donors for the support they have given her through this loan. She is watching as her business grows everyday little by little.
She invested her loan more grocery items to offer in her store. Her clients are happy that she has a lot of products to offer. She has also gained more clients who have been referred by other customers. This has increased her sales and take home profits.
Socorro is very happy to see her business continue to grow, as well as provide a better quality of life for her and her family.
Socorro has repaid her loan in full. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Socorro and World Vision Micro!