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Rosa Elena is from Mexico. She has 2 children. She needs a loan of $250 to buy shirts, t-shirts, blouses, shorts, trousers, skirts, dresses and socks.
Rosa Elena is from Mexico. She has 2 children. She needs a loan of $250 to buy shirts, t-shirts, blouses, shorts, trousers, skirts, dresses and socks.
Rosa Elena is 22 years old and has only studied up to the junior high level. She is married to Manuel, who sells bread and "tortillas", and they have two children together: Luz Elena (5) and Misael (4). The family lives in "Arroyo de en Medio" a community surrounded by rivers and nearby to a sugar cane area where the sugar mill "La Margarita" (one of the most important sugar producers in the state of Oaxaca) is located.
Rosa Elena started selling clothes four years ago because she knew that if she and her husband worked together, they would be able to provide their family with better opportunities. Usually, she would visit her friends' and neighbors' houses to offer her clothing. Her clients would buy or ask for a special item that she would have to buy elsewhere and then return to deliver the garment to get paid.
A loan from World Vision will enable Rosa Elena to enlarge her stock by buying shirts, t-shirts, blouses, shorts, trousers, skirts and socks. With the additional profits she will be able to better provide for her family. What she wants the most is for her children to have better opportunities so she hopes to earn enough to support them in their studies.
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 Rosa Elena Vargas Espinosa to expand her clothing and retail business. After receiving the loan from World Vision, she invested the $250 to buy shirts, t-shirts, blouses, shorts, trousers, skirts, dresses and socks.
Rosa Elena has been repaying her loan on time with her new profits. She makes weekly payments of $12.
In addition to repaying her loan, Rosa Elena is using additional income to buy supplies in bulk and expand the current business. Rosa Elena's two children continue to study in school.
Thank you for supporting Rosa Elena and World Vision Micro!
Thank you for supporting the business loan for Rosa Elena Vargas Espinosa to expand her clothing business. She invested her loan of $250 to buy shirts, t-shirts, blouses, shorts, trousers, skirts, dresses and socks.
Rosa Elena has now repaid her loan in full. In addition to repaying her loan, Rosa Elena has used her income to buy supplies and expand her current business.
Rosa Elena's two children continue to study in school.
The loan Rosa Elena received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Rosa Elena hopes to repair her home.
Thank you for your support of Rosa Elena and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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