Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Maria Magdalena is from Mexico. She has 3 children. She needs a loan of $550 to buy three sheep and feed.
Maria Magdalena is 29 years old with three little children from San Pedro el Alto, Mexico. Magdalena raises sheep, but she currently lacks the capital needed to expand her business.
WIth a loan through World Vision, Maria Magdalena will be able to purchase three more sheep and corn to feed them. She will then be able to raise the sheep and sell them for more money, thus creating a profit. Additional income created will allow her to reinvest in her business, better provide for her family, and increase their quality of life. She will also be able to buy shoes and clothes for her children.
In the future, Maria Magdalena would like to also raise chicken or turkey, as they grow faster and will be able to sell quickly.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
Home to a primarily ethnic Mazahua population, the community of Najhé is located in a mountainous region in northeastern Mexico State. The climate is sub-humid, but temperatures are typically cool due to the region’s high elevation. Windstorms are common during the early spring, followed by heavy rains in the summer and frost in the winter.
Women in Najhé continue to wear typical Mazahua dress, and some community members uphold traditional artisan practices, producing pottery, woodwork, and crafts made of wool. The primary economic activity is agriculture. Squash, beans, and fruit are grown for consumption, while corn is grown both to eat and to sell.
World Vision’s work in Najhé includes agricultural assistance to improve nutrition and family incomes; vocational training and tutoring sessions; and self-esteem workshops. We are also working to improve health conditions by training volunteers who can educate community members and by providing housing materials that will contribute to better living environments.
Thank you for supporting a small business loan for Maria Magdalena Tellez Gonzalez to expand her livestock business where she raises sheep.
After receiving the loan from World Vision, she invested the $550 to buy three sheep and feed.
Maria Magdalena has been repaying her loan on time with her new profits. She makes weekly payments of $34.
In addition to repaying her loan, Maria Magdalena is using additional income to purchase food for the animals, purchase food for the family, and expand the current business. Maria Magdalena's 3 children continue to study in school.
Thank you for supporting Maria Magdalena and World Vision Micro!
Thank you for supporting the small business loan for Maria Magdalena Tellez Gonzalez to improve her livestock business. She invested her loan of $550 to buy three sheep and feed.
Maria Magdalena has now repaid her loan in full. In addition to repaying her loan, Maria Magdalena has used her additional income to purchase food for the animals and expand the current business. Maria Magdalena's 3 children continue to study in school.
The loan Maria Magdalena received helped her business expand, and the profits she is now earning create lasting improvements in her life. In the future, Maria Magdalena hopes to expand the current business, take out another loan, and purchase livestock.
Magdalena says that she buys and sells sheep in her own community, so she does not have to travel for her business. She would like to sell other types of animals.
Thank you for your support of Maria Magdalena and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.