Lugardina Posadas Perez is from Zitacuaro Michoacan, Mexico. She needs a loan of $325 Buying raw materials.
Lugardina Posadas Perez is from Zitacuaro Michoacan, Mexico. She needs a loan of $325 Buying raw materials.
Mrs. Lugardina Posadas Perez was born in Zitacuaro, Michoacan 51 years ago. She is an example to her sons, because she is an entrepreneur and independent woman.
She has a little restaurant, and she loves to be a merchant. Her parents were merchants and taught her well.
She decided start her restaurant because she cooks delicious food, and some friends requested her help to cook for their celebrations. Her friends paid her for her efforts. This gave her the idea and she started a little business.
She is very happy with her business because she feels independent and has economic stability.
She needs a loan to buy raw materials, and improve her business; with this she thinks that her sales will increase. She dreams she will have the best restaurant of Zitacuaro.
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.
Lugardina Posadas Perez is from Zitacuaro Michoacan, Mexico. She needs a loan of $325 Buying raw materials.
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.
Lugardina Posadas Perez is from Zitacuaro Michoacan, Mexico. She needs a loan of $325 Buying raw materials.
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!
Mrs. Lugarda used the loan to buy supplies to cook the food to sell. Lugardina is very happy because people believe in her and in her business. Lugardina has repaid her loan in full. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Lugardina and World Vision Micro!
