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Ma Del Carmen is from Mexico. She needs a loan of $500 to purchase costume jewelry and hair bands.
Ma Del Carmen is from Mexico. She needs a loan of $500 to purchase costume jewelry and hair bands.
Carmen is a 47 year old resident of San Antonio, Mexico. She and her husband of 20 years own their own home in this central farming community. Unfortunately, her husband’s construction work in Mexico City is only temporary. Carmen has been selling costume jewelry, hair bands, hair slides, threads and needles for 5 years in the local market in order to bring in additional income.
The biggest challenge Carmen faces is not having her own premises where she can sell her goods. Because of this she is restricted in selling her wears in the market and must keep walking around, making it difficult to make sales. This makes it difficult for her to continue investing in her business because she has to use what profits she makes to purchase food first.
With a loan from World Vision, Carmen wants to invest in her business by purchasing more, better quality fashion accessories in order to bring in more sales. With enough profits, she hopes to afford her own store in the center of the community where there are many people and her business will thrive. This will help her provide a better living for her family and give her the opportunity to keep growing her business.
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.
Thank you for supporting a loan for Carmen to expand her business of selling costume jewelry. After receiving the loan from World Vision, she invested the $500 to purchase costume jewelry and hair bands.
Carmen has been repaying her loan on time with her new profits. She makes weekly payments of $31. In addition to repaying her loan, Carmen is using the additional income to purchase food for her family and to expand her current business.
Thank you for supporting Ma del Carmen and World Vision Micro!
Ma del Carmen Chimal Velasco's business is growing. She is using her additional income to purchase more nutritional food for her family. Carmen is also reinvesting in her business.
Her loan is paid in full. These funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Carmen and World Vision Micro.
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