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Victoria is from Mexico. She needs a loan of $375 to buy sheep and groceries.
Victoria is from Mexico. She needs a loan of $375 to buy sheep and groceries.
Victoria, known as Vicky, is 27 years old and has two children: Diego, 4 and Valentina, 2. She was born on a nice Mazahua community. For the past 2 years, she has been selling sheep and operating a small grocery store outside of her house. Through the two business ventures, she supports her children. Sometimes she allows her customers to pay by giving them a quote to pay later. Issues arise when they do not pay her back.
Victoria is requesting a loan to expand her sheep and grocery businesses. She will buy vitamins and pasture as well as sheep to expand her sheep selling business. She will expand her store by purchasing merchandise for resale such as oil, matches, bulbs, milk and eggs. Her goal is to maintain a well-stocked store so that her customers do not need to go elsewhere. She plans to use her profits to buy materials needed to make wool crafts to sell in Mexico City. She aims to have a stable source of income, as needed to support her children. She wants to improve their quality of life.
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.
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.
Thank you for supporting a small business loan for Victoria so that she could expand her grocery and sheep raising businesses. After receiving the loan from World Vision, she was able to buy sheep, as well as vitamins and feed for them, and groceries, such as oil, matches, light bulbs, milk and eggs.
As a result of the items she was able to purchase with the loan, Victoria was very successful in that she made a lot of sales to people throwing parties, Decembrinas (Christmas celebrations) and also sold several sheep which brought in good prices.
Victoria is pleased to report that she has been repaying her loan on time with her new profits. In addition to repaying her loan, Victoria is using her additional income to buy supplies in bulk in order to keep expanding her businesses.
Thank you for supporting Victoria and World Vision Micro!
Thank you for supporting the small business loan for Victoria Gonzalez Garduño to improve her grocery and livestock business. She invested her loan of $375 to buy sheep and groceries.
Victoria has now repaid her loan in full. In addition to repaying her loan, Victoria has used her additional income to buy supplies in bulk and expand the current business. Victoria's 2 children continue to study in school.
The loan Victoria received helped her business expand, and the profits she is now earning create lasting improvements in her life. In the future, Victoria hopes to expand the current business and take out another loan.
Victoria is very grateful for the loan, which has helped her number of clients to increase. Now she can provide a better quality of life for her children.
Victoria has repaid her loan in full, 100%. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Victoria and World Vision Micro!
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