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Alma is a devoted mother and client with the Adelante Foundation from the department of Cortes. Alma withdrew her first loan for only $169.00 nearly three years ago, but has since grown her micro business so significantly that she recently took out her fifth loan for $526.00. A wife and mother of three, Alma’s improved income ensures her children’s education and medical needs, and supports better living conditions for the entire family.
Before receiving microloans, Alma worked in a textile factory most of her adult life. Today, she sells merchandise outside the textile factory where she used to be employed. Alma has a goal, she explains, ¨I would like to have my own space, rent a storefront so I do not have to travel to sell my merchandise¨. Having her own micro enterprise has allowed Alma to better care for her disabled 15 year old son, who was born with a cephalic disorder, which is a congenital condition that affects brain development. In the past, Alma was unsure if she would be able to afford the care her son needs and send her two daughters to school. Since becoming a client with the Adelante Foundation, Alma does not worry as much because she has the income to support each of her three children.
Alma’s small business success did not occur overnight but rather she nurtured her venture over time. Alma began her micro business when she still worked in the textile factory, selling inexpensive items to her co-workers. Once Alma was able to take out microloans from the Adelante Foundation, she made the decision to dedicate herself exclusively to her micro enterprise. Over the course of her loan cycles, Alma expanded her product inventory from undergarments and earrings to a whole variety of merchandise, such as clothes, jewelry, cosmetics, sandals and more. Alma remembers that constructing a new bathroom was one of the first goals she was able to achieve through saving income generated by her small business.
Alma’s eldest daughter will soon receive a secondary school diploma, and the youngest is eager to finish primary school and keep up her education. The transportation costs alone for Alma’s eldest to attend school is almost $50 per week, and Alma comments that there are always expenses for school supplies. For this reason, Alma is already planning for her youngest daughter’s secondary school education, an important investment that will provide her daughter with greater opportunities. Alma plans to keep growing her small business through microcredit in order to continue achieving her goals and improving her family’s overall quality of life.