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Fabiola is from Mexico. She needs a loan of $625 to buy perfumes and cosmetics.
Fabiola is from Mexico. She needs a loan of $625 to buy perfumes and cosmetics.
Fabiola is 33 years old and has a junior high-school education. She is a single mother and has one son, Jorge, who is 10 years old and is attending elementary school. Fabiola lives in the community of Vicente, an important sugar cane-producing area. They live near the company Ingenio La Margarita, where many people in the state of Oaxaca are employed making sugar. Fabiola has worked hard all her life, but the moment she became a mother she knew she had to make a greater effort in order to give her son a better life.
Fabiola has always been a trader. She started out selling clothing and recently decided to sell cosmetics from a catalog. She visits her family and friends to sell the products, and realizes that selling beauty products is a profitable activity for which the demand is always growing. With this loan, Fabiola will buy more cosmetics and several perfumes to show as samples and eventually to resell to her customers. She expects that this increase in inventory will help her to improve her business so that she can provide her son with better opportunities and a good education.
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 community of Vincente Camalote is located in the state of Oaxaca, about two hours from the city of Tierra Blanca. The climate is warm and the landscape is lush and green. Many residents participate in agriculture, primarily harvesting sugar cane. Other economic activities include commerce and fishing.
World Vision is working to improve the health of families in Vincente Camalote by providing housing materials for the improvement of living spaces; restoring water tanks for access to clean water; and supporting medical treatment and HIV- and AIDS-awareness campaigns. We are also supporting education by training teachers and tutors and providing spiritual-formation workshops for teens.
Thank you for supporting a small business loan for Fabiola Valle Huerta to expand her health, beauty, and cosmetic business.
After receiving the loan from World Vision, she invested the $625 to buy perfumes and cosmetics.
Fabiola has been repaying her loan on time with her new profits. She makes weekly payments of $31.
In addition to repaying her loan, Fabiola is using additional income to buy supplies in bulk and expand the current business. Fabiola's child continues to study in school.
Thank you for supporting Fabiola and World Vision Micro!
Thank you for supporting the small loan for Fabiola Valle Huerta to improve her health/beauty products business. She invested her loan of $625 to buy perfumes and cosmetics.
Fabiola has now repaid her loan in full. She used her additional income to provide a nutritious diet, clothing, and healthcare for her family, and to buy supplies in bulk.
Fabiola's child continues to study in school.
The profits she is earning create lasting improvements in her life. In the future Fabiola hopes to repair or expand their home and expand her business.
Thank you for your support of Fabiola and World Vision Micro. These funds are now being recycled to support another deserving entrepreneur in the same community.
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