Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Victoria is from Mexico. She has 3 children. She needs a loan of $475 to buy cheese and corn .
Victoria Santiago Hernandez is 53 years old and is married to Carlos, a field worker. She has 3 children: Marcos, who is in the 2nd grade of junior high, Luis, who is in the 3rd grade of high school, and Martha, who is in the 6th grade of elementary school. Victoria helps to support her family by selling cheese and corn. She started her corn and cheese business 7 years ago to provide her children with a proper quality of life and a good education. Thanks to how well her business is going and to her husband’s help, she hasn’t faced any real problems related to a lack of money or health. She now generates enough money to enjoy a good quality of life.
Victoria has requested this loan to buy more cheese and corn. She is very happy to be receiving this loan because it will help her life and her business to improve significantly. She is glad that she is able to help her husband out with the expenses and to provide her children with an education. Her goal is to invest more money into her business to expand it. To increase her profits, she plans to start making her own cheese rather than buying and reselling it.
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.
The small community of Rio Santa Catarina, which derives its name from a local river, has a mountainous terrain and warm climate. Economic opportunities in this community are diverse as a result of its close proximity to the growing city of Ometepec.
In Rio Santa Catarina, World Vision is assisting farmers with production and marketing; educating families on disaster preparedness; and working to improve education through tutoring and teacher training. We are also providing healthcare services, nutritional training, and housing assistance.
Thank you for supporting a small business loan for Victoria Santiago Hernandez to expand her food and retail business where she sells cheese and corn.
After receiving the loan from World Vision, she invested the $475 to buy cheese and corn.
Victoria has been repaying her loan on time with her new profits. She makes weekly payments of $29.
In addition to repaying her loan, Victoria is using additional income to purchase food for the family and buy supplies in bulk. Victoria's 3 children continue to study in school.
Thank you for supporting Victoria and World Vision Micro!
Thank you for supporting the small business loan for Victoria Santiago Hernandez to improve her food and retail business. She invested her loan of $475 to buy cheese and corn.
Victoria has now repaid her loan in full. In addition to repaying her loan, Victoria has used her additional income to purchase food for the family, buy supplies in bulk, and purchase school supplies. Victoria's 3 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.
Thank you for your support of Victoria and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.