Rita Garcia Rosas is from Zitacuaro, Mexico. She has 2 children. She needs a loan of $375 Improving her stand and investing in more merchandise.
Rita Garcia Rosas is from Zitacuaro, Mexico. She has 2 children. She needs a loan of $375 Improving her stand and investing in more merchandise.
Rita began her business 5 years ago. With the help of her husband she established this business. Rita needs a loan to make improvements to her stand and buy more merchandise.
Before beginning her business, her life and the life of her family was very difficult, with many hardships and worries since the money that her husband made was not enough to meet all of their family's needs. When she started her business she only had a small table and a juicer, and very little fruit to work with. She had to walk more than an hour every day to get to her business. Later she was able to buy a blender and she managed to do well with this business, but she saw that she could make more money if she also sold snacks like tacos, tortas and quesadillas at night.
Rita and her family now live in a rented house that is only 5 minutes away from her business. They have 2 children who are in elementary school, and their business is more stable and they are making better money. With this loan and with hard work they have the security that they will continue improving their lives so that their children can go to university and so that they can buy their own home.
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.
Rita Garcia Rosas is from Zitacuaro, Mexico. She has 2 children. She needs a loan of $375 Improving her stand and investing in more merchandise.
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.
Rita Garcia Rosas is from Zitacuaro, Mexico. She has 2 children. She needs a loan of $375 Improving her stand and investing in more merchandise.
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!
Rita used the loan to buy materials and supplies needed to improve her enterprise. Business is good and now her husband works with her in the taco stand.
Rita is thankful that those from World Vision believed in her and the loan has been repaid.
