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Mina M

Mina is from Philippines. She has 7 children. She needs a loan of $325 to purchase a wooden stake and plastic rope.

Production
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Mina is from Philippines. She has 7 children. She needs a loan of $325 to purchase a wooden stake and plastic rope.

  • Top Goals To purchase a wooden stake and plastic rope
  • Children Helped 7

Mina's Story

Mina Mangaron is a mother of seven children, she lives with her family in Bato, Leyte Philippines. Mina works very hard at farming seaweed, to help earn a living for her family. At this time, Mina lacks the funds needed to help sustain her seaweed farming business.

With a loan from World Vision, Mina will be able to purchase a wooden stake and plastic rope to help her continune farming seaweed. Because of the loan, Mina will also be able to grow her business and increase her income. With the additional income, Mina will be able to provide for all of her family's daily needs, pay for her childrens education and create a savings.

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Industry Info

Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.

Mina's Community

The community of Omega, located in the Southern Leyte province of the Philippines, is home to a large population of farmers and fishermen. On average, 11 of the Philippines’ approximately 24 annual typhoons affect this area. Along with poor farming and fishing practices, this contributes to the depletion of natural resources, which affects economic prosperity. Farmers mainly grow rice, coconut, and sugar cane. Fruit and vegetable production is limited, and many families struggle to find sufficient nutrients.

Nearly 50 percent of the area’s residents live in poverty. As a result of economic struggles, many children drop out of school and seek work in places such as the sugar cane fields or urban areas. These children often face exploitation and abuse.

In Omega, World Vision is helping community members create a more sustainable future by providing training in livestock raising and fertilizer production, distributing small loans, and developing businesses. We are also educating families about child rights and operating children’s associations.

Mina's Mid Term Update September 09, 2012

Thank you for supporting a small business loan for Mina Mangaron to expand her farming business. After receiving the loan from World Vision, she invested the $325 to purchase a wooden stake and plastic rope. Mina has been repaying her loan on time with her new profits. She makes weekly payments of $16.

In addition to repaying her loan, Mina is using additional income to pay school fees, purchase food for the family and expand the current business. Mina's 7 children continue to study in school.

Thank you for supporting Mina and World Vision Micro!

Mina's Final Update November 18, 2012

Mina

Thank you for supporting the business loan for Mina Mangaron to improve her seaweed farming business. She invested her loan of $325 to purchase a wooden stake and plastic rope.

Mina has now repaid her loan in full. In addition to repaying her loan, Mina has used her income to provide food for her family and expand her current business.

Mina's seven children continue to study in school.

The loan Mina received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Mina hopes to start a new business and take out another loan.

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

Total Amount
$325

Amount raised

$325
$325
100%

Help Mina

2 Donors

  • Patricia
    January 20, 2012
    Contributed to 24 other loans
  • Karli
    June 23, 2012
    Contributed to 0 other loans

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