Microloans Help Poverty-Stricken in Mexico

 
$745
$255
Raised
Remaining
Jul 23, 2013

Thank You for All of Your Support

Romualda Garcia Carrasco
Romualda Garcia Carrasco

When we first set up operations in 2003, Oportunidad Microfinanzas was one of the few microfinance organizations in the country.   We’ve accomplished great things in Mexico over the last decade.  During that time Oportunidad Microfinanzas has loaned $40 million, helped 25,000 families and improved more than 100,000 lives. In honor of this final report, we wanted to share one last story of a clients life you helped change, Romualda Garcia Carrasco:

Although Romualda is enjoying the benefits of being a successful business owner, her life has been filled with hardship. After her husband passed away, she was left to care for her eight children on her own. Determined to provide her family with an education and the opportunities she was never able to receive, Romualda opened a storefront retail business in Chapala, Mexico selling chips and candy.

Romualda knew that if she was to realize her dream of sending her children to school she had to increase her profits. A born entrepreneur, she knew to increase her profit she had to increase her customer base and diversify her product line. Even with the know-how Romualda was turned away by bank after bank. Things finally began looking up when a friend told her about Opportunity Mexico. She was elated to receive her first loan and used it to diversify her inventory to include cosmetics.

Romualda’s strong work ethic and attention to detail has enabled her to become the auditor of her Trust Group, a position which requires great responsibility. She enjoys interacting with her fellow group members, whom she draws upon for advice, motivation and a sense of community. Yet Romualda’s greatest source of inspiration is her children. She is so thankful to Opportunity International for empowering her to provide her children with a better future. Today, two of her grown daughters have their own small businesses made possible by their loans with Opportunity Mexico.

Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.

Donation Options

Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

Still want to help?
Support another project run by Opportunity International that needs your help, such as:

Organization

Project Leader

Ian Haisley

Oak Brook, Illinois United States

Where is this project located?