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Margarita Montes De Oca Ruiz
Name:
Margarita Montes de Oca Ruiz
City:
Zitácuaro
Country:
Mexico
Activity:
Shoe Shine Stand
Loan Use:
To improve her shoe-shine stand and buy more colors of shoe-shine, to provide higher quality service.
Entrepreneur Profile
Margarita lives in Francisco Serrato, a rural town that retains most of its Mazahua traditions. She learned the shoe-shine business her husband started, because he had to leave to go work to make more money for their family of five. Because of this, she knows she needs to be an entrepreneurial person so that she could help her children. Today, after much hard work and dedication she now has a good location and she works every day from 8AM to 8PM.
She says her first loan was a huge help to not just her business but also her life, since without the loan, it would have been much more difficult to reach her goals. She would like another loan so that she can improve her shoe-shine stand and buy more colors of shoe-shine so that she can provide a better service to her clients as well as attract new ones.
Margarita is an excellent example of a hard-working, responsible mother who has been able to help her family through her hard work and dedication.
She is 32 years old, married and has 3 children. She has a good location in the central park of Zitácuaro.
Mid-Term Update - July 02, 2010
We apologize for the delay in your promised mid-term report. When we reviewed the repayment status of your loan, it became apparent that your mid-term report had somehow slipped through the cracks. While World Vision has been giving microloans to the enterprising poor for over 20 years, Micro is a brand-new program. Our field staff has received updated training regarding the importance of prompt reporting back to donors, and you should be receiving an update soon.
Please let me assure you that what happened in this case is not typical of World Vision or Micro. We continue to be committed to providing you and all of our donors with consistent high-quality feedback. If you have any questions please do not hesitate to contact us at 1-888-511-6444 or by email at http://www.worldvisionmicro.org/pages/contact. Thank you for your continued support!
Community Photos
Entrepreneur Location
Local Community
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. Learn more about microfinance in Mexico
Donors funding this loan
Vivek
Thaisi
Gladys
Mark
Jon & Melissa
Cassie
Peter
Rachel