Small Business: Food Sales
Francisca is a long-time Adelante client, kick starting her small business with a loan for just $53. Francisca sells meat products out of her home to members of her local community. She uses her microloans to purchase inventory for her store and also to raise pigs, which are butchered and sold as part of the store’s stock of goods. Currently, she is making payments on a loan for $421.
Francisca is married and has three sons, ages 9, 7, and a baby just over a year old. Francisca knows that sending her boys to secondary school will not be easy, but she intends to keep working hard to give them the opportunity that she never had as a child. Even though her husband has a job and makes a livable wage, the income earned from Francisca’s micro business has significantly improved the family’s overall quality of life. Extra earnings have allowed them to renovate their home over the years, installing a zinc roof, floors, and cement walls. Previously, the family’s home resembled many other houses in the area: mud walls, wooden posts and a thatched roof. Francisca is proud that she has been able to improve the living conditions for the entire family, and with a zinc roof she no longer has to worry about rainy season storms flooding the house.
Dania is on her fifth loan cycle with Adelante, receiving her first loan for $211 over three years ago, and runs a convenience store in her community. Dania has become an AA client over the course of her loan cycles, a testament to her repayment history and assembly meeting attendance. Dania’s status as an AA client made her eligible for a Home Improvement Loan for $790 in addition to receiving her most recent Group Loan for $368. Dania was able to finish the floor and cover the adobe walls of her house with cement, which will guarantee her family a dignified living space for years to come.
Dania’s husband works as a teacher and lives in the department of Copan, while Dania looks after their three children, ages 6, 10, and 19. The distance is difficult for the family, but thanks to Dania’s income from the store, they are able to have a better standard of living than before. Dania’s daughter recently graduated from secondary school and wants to continue studying to become a teacher, like her father. The income Dania’s store has generated paid for the installation of electricity in the family’s modest home, and a refrigerator so Dania could earn more profits by selling cold drinks and perishables. Thankful to have found Adelante, Dania declares, ¨I am very grateful because I have been able to improve my house and also install electricity, which would have been much more difficult to achieve before.¨
Maria Trinidad is a single-mother who is working hard to improve her family’s life with the help of Adelante’s small business loans. Even though the amount of her first loan was for only $104, Maria was very nervous since she had never worked with a lending institution before. Maria is on her second loan cycle for $164 less than a year after taking out her first loan, and she already feels more confident about growing her micro business. Maria produces home made breads and tortillas, which she sells at the market in the nearest town.
Without the support of a husband, Maria works hard to earn enough income in order to take care of her two young children, ages 5 and 7. The eldest, her son, is already in second grade, while Maria’s daughter is attending a local kindergarten. Although Maria’s children attend a public school, she still must collect enough money to purchase basic supplies so that her children can make the most of their education. Maria plans to keep cultivating her business since she knows that as her children get older her household expenses will grow too. Maria hopes that she will be able to offer her children the opportunities that she never had growing up.
Elvia is an enthusiastic Adelante client who works at the Nicaraguan-Honduran border in Southern Honduras. A grand-mother, Elvia is no longer responsible for her seven of her eight children since they are grown and independent. Her youngest child is currently finishing his secondary school education. Elvia has 10 loan cycles with Adelante, taking out her first loan for $211 several years ago. Immediately prior to the holidays last year, Elvia received a loan for $316 in order to amplify the inventory of her micro business. Elvia and the women in her solidarity group decided to pay three installments at once in order to qualify for a loan before Christmas, which attests to their work ethic and strategic business planning.
Before taking out her first loan with Adelante, Elvia sold second hand clothes, but she never earned sufficient income. With the first microloans she received, Elvia invested in developing a food and drink stall at the border. With subsequent loans, Elvia added new clothes and accessories to her stall’s inventory. Elvia understands the importance of reinvesting her profits, which accounts for how she has been able to grow her sales stall over the years without taking on an excessive debt burden, she comments, ¨It’s all about multiplying your earnings with the application of each loan, that’s how I have grown my business over the years.¨
Lia Isabel is now beginning her very first loan with Adelante! Her mother, who has been an Adelante client for about 2 years now, had invited her daughter to join her assembly. Lia is looking forward to this loan so that she can fulfill her goal of starting her very own business selling clothing. She has chosen a different product to specialize in than her mother, who sells vegetables, as to not compete with her.
She provided us with this message to pass on to donors, "We suffer a lot, we don't have a house, we don't have anything to call our own but we continue fighting". She hopes that with her additional income she will be able to provide for her two daughters, aged 2 and 4, by supplementing her husband's income. Although her husband has steady work, his income is not sufficient for the family's needs. Along with her business goals and hopes for her daughters' future education, Lia also dreams of owning her own home in the future, so that her family can enjoy improved living conditions than what they have available where they rent.
Help empower Lia and other women like her to start up or grow their very own businesses! Your donation allows us to expand our loan pool and offer loans and education to greater numbers of women.