Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Areza is from Philippines. She has 3 children. She needs a loan of $550 to buy a wooden stake, plastic rope, and merchandise for her store.
Areza is a seaweed farmer and a sari-sari store (convenience store) owner who lives on the island of Dawahon, Bato Leyte. She works hard to support her three children: Diosdado (11), Darlene (5) and Antonio (3). Areza would like to expand her business but she lacks the financial capital to do so.
With a loan from World Vision Areza will be able to buy a wooden stake and a plastic rope for working on her farm, as well as merchandise for her store. She plans to use the income she earns to provide her children with a good education and a healthier diet. The additional profits will be reinvested in her business.
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.
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.
Thank you for supporting a small business loan for Areza Amorin to expand her farming and retail business where she makes and sells seaweed. After receiving the loan from World Vision, she invested the $550 to buy a wooden stake, plastic rope, and merchandise for her store.
Areza has been repaying her loan on time with her new profits. She makes weekly payments of $27.
In addition to repaying her loan, Areza is using additional income to pay school fees and purchase food for the family. Areza's three children continue to study in school.
Thank you for supporting Areza and World Vision Micro!
Thank you for supporting the business loan for Areza Amorin to improve her seaweed farming business. She invested her loan of $550 to buy a wooden stake, plastic rope, and merchandise for her seaweed store.
Areza has now repaid her loan in full.
In addition to repaying her loan, Areza has used her income to pay her children's school fees, purchase food for her family and expand the current business.
Areza's three children continue to study in school.
The loan Areza received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Areza hopes to expand the business and take out another loan.
Thank you for your support of Areza and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.