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Edna F

Edna is from Philippines. She has 6 children. She needs a loan of $150 to purchase flour, cooking oil, sugar, and other ingredients.

Commerce
Community:
Tabod It Arap
Country:
Philippines
other entrepreneurs here Philippines

Summary

Edna is from Philippines. She has 6 children. She needs a loan of $150 to purchase flour, cooking oil, sugar, and other ingredients.

  • Top Goals To purchase flour, cooking oil, sugar, and other ingredients...
  • Children Helped 6

Edna's Story

Edna helps to support her family by preparing and selling snack foods. She also has a side business where she buys and sells bananas, charcoal, and used bottles. Her goal is to expand her snack selling business and increase profits so she can make a better life for her family.

A loan from World Vision will allow Edna to purchase more ingredients such as flour, sugar, and cooking oil. She will be ale to increase her production and sales. With the additional income she will earn from these improvements, she will reinvest in her businesses and help provide the daily needs for herself and her husband. Edna is 51 years old, and married to a fish vendor. They have six grown children.

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Industry Info

Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.

Edna's Community

World Vision began working with the people of the Philippines in Manila in 1954. Childcare projects began shortly thereafter to help fund orphanages and daycare centers, health-care programs, educational assistance, hygiene, and spiritual enrichment projects. The Good Shepherd’s Fold Orphanage Project provided a gas stove, 600 reference books, musical instruments, vegetable seeds, and 3,000 textbooks to children on the island of Guimaras.

From 1960 to 1969, sponsorship continued to grow with the addition of the Mercyville orphanage in the village of Polonulig on the island of Mindanao. In addition, the Philippines Medical Boat Mission Project ministered to suffering people in remote, sea-locked villages. Medical and
evangelical teams provided health care through two- and three-day clinics in churches and homes.

World Vision opened the Manila office in 1972. Staff sought to improve communities and continued sharing the message of the Gospel. By the end of the decade World Vision sponsored 29,750 children. Community development projects provided a comprehensive approach to integrate
development among the small islands, which typically have few resources and are inaccessible during rough seas. Projects there sought to promote fishing, health care, sanitation, and education. The Ilin Island Fishing Project benefited 600 people by promoting self-sufficiency through agricultural production, increased fishing harvests, and improved water supplies.

Edna's Mid Term Update July 25, 2012

Thank you for supporting a small business loan for Edna Formento to expand her food and retail business.

After receiving the loan from World Vision, she invested the $150 to purchase flour, cooking oil, sugar, and other ingredients.

Edna has been repaying her loan on time with her new profits. She makes weekly payments of $7.

In addition to repaying her loan, Edna is using additional income to purchase food for the family and expand the current business. Edna's 6 children continue to study in school.

Thank you for supporting Edna and World Vision Micro!

Edna's Final Update October 03, 2012

Edna

Thank you for supporting the small loan for Edna Formento to improve her food and retail business. She invested her loan of $150 to purchase flour, cooking oil, sugar, and other ingredients.

Edna has now repaid her loan in full. In addition to repaying her loan, Edna has used her additional income to purchase food for the family and expand her current business.

Edna's 6 children continue to study in school.

The loan Edna received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Edna hopes to repair or expand their home and expand her current business.

Thank you for your support of Edna and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$150

Amount raised

$150
$150
100%

Help Edna

1 Donors

  • Candace
    May 16, 2012
    Contributed to 2 other loans

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