Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Teresa is from Mexico. She needs a loan of $400 Purchase school supplies for store.
Mrs. Teresa Garduño Mancilla has gone through many struggles. Her husband was the only one with an income and his mother was very ill and her family could not afford medications.
Mrs. Teresa opened a stationery shop at home to help her husband support their family. She is now asking for a loan from World Vision to invest in her business and buy more products to provide a better service to her customers and provide an affordable price to their community.
She also wants to see realized their dream of building a better home to serve as a heritage for the future of their daughter. She is sure that receiving this loan will help her husband in household expenses and building a better life for their family.
Teresa is a very hard working person and she is well known in her community. She lives in a community called "el roble" belonging to the town of Potrerillo, which happens to be a quiet place, but even with several shortcomings of basic services. Her house is small and made out of concrete. She lives there with her husband and daughter.
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.
In Tisepantekipanoske, World Vision is educating families about personal hygiene and the prevention of diarrhea and respiratory infections; planting trees and establishing family gardens and farms to improve nutrition; and providing families with resources for storing and accessing clean water.
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 do not 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!
Teresa is very grateful for the loan that she received. With the money, she was able to travel to Mexico City and buy notebooks, folder, pictures, and other items for her school supply store in her town. She is very happy to have such a well-supplied store.
Teresa has repaid her loan in full. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Theresa and World Vision Micro!