Success Stories: Difference between revisions
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'''Mexico:''' | '''Mexico:''' | ||
Microcredit Institution: Pro Mujer Mexico | |||
Georgina Gutierrez | |||
Age: 36 | |||
Children: Daughter, age 7 | |||
Hometown: Mexico | |||
Current loan: 6th loan, $400 | |||
Business: Chicken sales | |||
Before receiving her first loan from Pro Mujer Mexico, Georgina made only enough money helping with her father's business to feed herself and her daughter, Rebecca. A friend told her about Pro Mujer Mexico, and she went to an informational meeting. There, she decided that a Pro Mujer Mexicoloan was just what she needed to invest in a business and make enough money to support her family. With her first loan, Georgina bought some chickens and the materials needed to feed and care for them. Her profits were $2.00 for each chicken sold, and she sold an average of 15 chickens per day. With her significantly increased income, Georgina can now support herself and Rebecca. | Before receiving her first loan from Pro Mujer Mexico, Georgina made only enough money helping with her father's business to feed herself and her daughter, Rebecca. A friend told her about Pro Mujer Mexico, and she went to an informational meeting. There, she decided that a Pro Mujer Mexicoloan was just what she needed to invest in a business and make enough money to support her family. With her first loan, Georgina bought some chickens and the materials needed to feed and care for them. Her profits were $2.00 for each chicken sold, and she sold an average of 15 chickens per day. With her significantly increased income, Georgina can now support herself and Rebecca. | ||
Revision as of 17:47, 15 April 2007
Overall, micro credit has gained recognition as an effective way to bring very poor families out of poverty with the help of low-cost financial services. It also helps in the development of an economy by giving everyday people the chance to establish a sustainable means of income. Eventually increases in disposable income will lead to economic development and growth.
Listed below are some the sucess stories of women who were able to establish financial security with the help of microcredit.
Mexico:
Microcredit Institution: Pro Mujer Mexico Georgina Gutierrez Age: 36 Children: Daughter, age 7 Hometown: Mexico Current loan: 6th loan, $400 Business: Chicken sales
Before receiving her first loan from Pro Mujer Mexico, Georgina made only enough money helping with her father's business to feed herself and her daughter, Rebecca. A friend told her about Pro Mujer Mexico, and she went to an informational meeting. There, she decided that a Pro Mujer Mexicoloan was just what she needed to invest in a business and make enough money to support her family. With her first loan, Georgina bought some chickens and the materials needed to feed and care for them. Her profits were $2.00 for each chicken sold, and she sold an average of 15 chickens per day. With her significantly increased income, Georgina can now support herself and Rebecca.
