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Sergio is from Mexico. He needs a loan of $325 Buying delicious candy, marzipans, and chocolates for his stand.
Sergio Santiago Ortiz has a small candy stall where he offers his clients different delicious products. He knew that by starting this business he could eventually build a house for his family. He is still waiting for that exciting day to come.
He is asking for a loan in order to buy delicious candy, marzipans, and chocolates, which he will sell outside of schools. Along with his wife, he is awaiting the arrival of their first-born child. This business will help him build a small home for his child.
Sergio Santiago Ortiz was born in Oaxaca City, Oaxaca, and arrived in Tijuana ten years ago. He came searching for the American dream: he wanted to find a higher-paying job in order to better provide for his family.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
Tijuana, Mexico is a fast-growing metropolitan area. Located at the border of Southern California, it’s population is quickly approaching 1.5 million people. On the hillsides at the edges of the city are thousands of families who have settled into small communities, many without adequate shelter or dependable incomes. These families have migrated from southern Mexico with hopes of starting new lives in the United States. But crossing the border has become more difficult and job opportunities are non-existent. Now they have created makeshift communities like Cañón del Sainz. There are so few job opportunities here that people become trapped in an endless cycle of poverty. Parents find it impossible to provide their children with nutritious food, basic health care and quality education.
World Vision’s goal in Cañón del Sainz is to improve job training and skill development by offering skills and vocational training workshops for adults and youth; developing a strong microenterprise development program with links to adequate micro financing and business training; and empowering local leaders to take an active role in developing, implementing, and managing these programs.
Accomplishments include providing skills training to 250 mothers, helping 250 families access credit to start their own businesses, and offering financial and business training to 55 community leaders. Thirty four adults were also assisted in accessing opportunities for basic education.
Mr.Sergio Ortiz is doing well, working at being a bricklayer. He has gotten several new contracts to work on construction projects and this has kept him quite busy.
This income is used to supplement the other family business (candy sales) which he took the loan for. These two incomes have made it possible for them to bring more of their profits home to benefit the family directly.
Because of his work in construction, he hasn't been able to attend the solidarity group meetings. None the less, he has been paying his loan back regularly.
Mr.Sergio Ortiz is very busy the entire day, working his two jobs (construction and the candy store)
Because he is often at the construction site, he has not been attending the group meetings. He has been punctual with his weekly payments. Since he cannot be present, he is careful to send the money with a friend every week.
Mr. Sergio has now repaid his loan in full. These funds are now being recycled to another eager entrepreneur in the same community.
Thank you for your support of Mr. Sergio and World Vision Micro.