Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Leonides is from Mexico. She needs a loan of $625 to buy pants and jackets for men and women and babies clothes .
Leo, as everybody calls her, is 35 years old. She is married and has five children. 3 of them are currently attending school. Growing poinsettias was the main activity in the community where she grew up. Leo has been selling clothes for over 15 years. She started selling clothes door to door but now has a stand at the local community market. She buys the clothes in Mexico City and in Moroleon, Guanajuato and resells them locally. Her largest concern is that when she gives customers a quote so that they can pay her later, they sometimes never pay her back. She loses income from such untrustworthy customers.
With a loan from World Vision, Leo will expand her stock by purchasing pants and jackets for men and women. She will also purchase baby clothing. She wants to expand her business to meet the upcoming winter demand by buying scarfs, hats, gloves, jackets, etc. Her goal is to have a stable source of income with which to help her husband with their expenses and to support their children. She is going to use part of her profits to invest into her business and another part to cover her children’s education expenses.
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 Leonides Gomez Miguel to expand her clothing and retail business.
After receiving the loan from World Vision, she invested the $625 to buy pants and jackets for men and women and baby clothing.
Leonides has been repaying her loan on time with her new profits. She makes weekly payments of $26.
In addition to repaying her loan, Leonides is using additional income to buy supplies in bulk and expand the current business. Leonides's 5 children continue to study in school.
Leonides says that she saw sales increase in the winter months, and she says that her business is doing well.
Thank you for supporting Leonides and World Vision Micro!
Thank you for supporting the small loan for Leonides Gomez Miguel to improve her clothing business. She invested her loan of $625 to buy pants and jackets for men and women and babies' clothes.
Leonides has now repaid her loan in full. Leonides has used her additional income to buy supplies in bulk.
Leonides's 5 children continue to study in school. She is very thankful for the loan. She has improved her business so that she now has better profits and a greater variety of children's clothes.
The profits she is earning create lasting improvements in her life. In the future, Leonides hopes to take out another loan and expand her business further.
Leonides 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 Leonides and World Vision Micro!