Providing Opportunity

Bertha Elena has a greenhouse and thanks to SolCrece loans she has been able to increase her production and clientele and hire family members to help her run her business.

Update
She is on her 3rd loan cycle. The loan amount has increased to $15,000 MXP. She now has 2 greenhouses and has used SolCrece loans to buy higher quality seeds.

Maria Amada has a bakery in Xalapa; when the opportunity arose to open a second bakery in a neighboring town, she turned to Solcrece for the financing needed to expand the business.

The new bakery employs 13 people and has been so successful, that Maria Amanda is considering opening a third bakery.

Update
Maria is on her 3rd loan cycle; loan amount has increased to $35,000 MXP. Her 2nd bakery is up and running and she is in the process of opening a third.

As demand for his home-style food started to outpace his original production Tomás de Jesus Ramirez invested his first $10,000 MXP loan to increase food production for his small food stand.
Together with several colleagues and with Javier, his Solcrece advisor, Tomás formed a solidarity group in order to obtain a larger loan that allowed him to set up a school cafeteria at the local technical college.

Update
Tomás is on his 4th loan cycle. He has grown from 2 to 6 employees and in addition to the school cafeteria he is now in the food catering business.

Margarita, who has been a Solcrece’s customer for three full cycles (receiving $ 10,000 MXP in December, $20,000 in March and $30,000 in July), sells student breakfasts, consisting of sandwiches, jello, milkshakes, fruit and vegetables. These breakfasts are an invaluable aid to her community where the majority of mothers work full-time. Margarita sets up her stand at the school with the largest student body at 7:00 am and closes at 10:00 am. With Jair’s (her Solcrece advisor) help, Margarita is now able to sell school supplies in addition to her breakfasts.

Update
Margarita is on her 4th loan cycle now. She has reduced her loan amount to $20,000 MXP. Sales volume has increased and she now sells school supplies in the afternoon as well