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Six years ago Eneyda started a small seamstress business. She soon found out there was a demand for children's wear - especially underwear. Eneyda experienced such a demand for her work that she taught her 5 children to sew. Production was going so well that Eneyda realized she needed a loan in order to keep up with demand. At one of her visits to the market, a lady told her about MiCrédito. She received her first loan from MiCrédito and used it to purchase more fabric. Today, in a small crowded room at the back of her home, six sewing machines hum away as Eneyda's children help to get enough underwear ready to take to the market. Eneyda and her children now sew 200-300 dozen pairs of underwear per week. They take a shipment to the market every day. With more garments to sell and the resulting increase in profit, she has been able to repair her roof and do some house renovations. She plans to get a second loan from MiCrédito for a new sewing machine and more material. Eneyda is proud of her family and proud of her business. And thanks to MiCrédito, she is excited about the future.

Client Story: Making a Comeback

Cecilia grew up in a family of 14 children. Her family owned and operated a small cheese business but struggled to make ends meet. Cecilia eventually took over the business and began renting space in Leon's central market.

Unfortunately, when her own 3 children were still young Cecilia lost her husband. Despite her hard work, Cecilia barely had enough money to get by. She needed a loan to grow her business but there were few options available to her.

Everything changed when Cecilia learned about MiCrédito. She qualified for a loan and was able to buy materials in bulk at a much cheaper rate allowing her to increase her profits. The increased profit has impacted her family with more opportunity. Her oldest daughter recently graduated from university as a systems analyst and her son is studying to be an accountant.

Cecilia is proud of her business and proud of her family. There continues to be challenges along the way but she has plans to receive another loan and expand by purchasing enough product to sell to grocery stores. Cecilia has experienced what a simple loan can do — and that gives her hope for tomorrow.

Client Story: A Home for José

José de Jesus Salgado farms corn, cropped sesame and sorghum on his 42 acres of land outside of Leon in Nicaragua. While he's farmed for 20 years, his hard work hasn't always paid off. Over the years José has watched his income fluctuate as commodity prices changed. José simply couldn't get ahead. As a result, he and his family lived with his parents for many years.

Three years ago he heard about an opportunity to get a small business loan through the National Ranchers and Agriculture Union. Excited, José used his first loan to expand his sesame crop. Soon he received two more loans from MiCrédito and José began to diversify by purchasing dairy cattle. He now has 10 cows and has plans to expand his herd even more.

Diversification has meant stability for José and the future looks bright. With a steady income and increased profits, José and his family now enjoy their very own home.

DID YOU KNOW?

In 1997, delegates from 137 countries gathered at the Microcredit Summit in Washington to launch an ambitious campaign goal — to provide microloans to 100 million of the world's poorest families by the end of 2005. A 2005 progress report noted that more than 66 million families had been helped as of the end of 2004, representing more than 330 million people. The summit campaign believes the 100-million goal will be reached by the end of 2006 or 2007. (Source: www.cbc.ca)

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