Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Elitosem is from Philippines. She has 4 children. She needs a loan of $200 to buy fertilizer and animal feed which will improve his farm and increase his income.
At 52, Elitosem, father of four, has developed skills and knowledge through the years that make him a successful farmer. He would like to improve his farm and increase sales to better provide for his family and create at sustainable farm. However, due to a lack of money, he has not been able to purchase fertilizer or high quality animal feed that would enable him to manage his farm in the way he knows will generate a higher income by selling high quality rice and heavier, healthier hogs.
A loan from World Vision will enable Elitosem to buy animal feed, enabling him to raise healthier, fatter hogs and fertilizer that will increase his rice and sugar cane yields. These improvements will enable him to create a sustainable farm that will generate a higher income. The additional income he earns will enable him to better provide for his family, meet their basic needs, as well as enable him to continue reinvesting in his farm.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
The community of Mountain View is located in a boot-shaped province on Negros Island in the Philippines. Home to Mt. Kanlaon, an active volcano, the area is rich with natural resources. With convenient access to a variety of markets, the community is emerging as a promising frontier for investors.
Economic activities revolve around agriculture, fishery, and forestry. Environmental degradation is a pressing concern. The region has been identified as one of the lowest income-earning areas in the country. Families struggle to acquire proper nutrients, and some do not have access to clean water. Malnutrition and disease are constant concerns. Families are hindered by poor road conditions, and many children drop out of school.
In Mountain View, World Vision has provided community members with key employment skills, including training in food processing and assistance in livestock rearing. We have also provided medical and housing assistance, supplemental food for malnourished children, fees and materials for children to attend school, and educational support for child laborers.
Thank you for supporting a small business loan for Elitosem Bolo to expand his farming and livestock business where he raises hogs.
After receiving the loan from World Vision, he invested the $200 to buy fertilizer and animal feed which will improve his farm and increase his income.
Elitosem has been repaying his loan on time with his new profits. He makes weekly payments of $12.
In addition to repaying her loan, Elitosem is using additional income to pay school fees and purchase food for the family and expand the current business. Elitosem's 4 children continue to study in school.
Thank you for supporting Elitosem and World Vision Micro!
Thank you for supporting the small loan for Elitosem Bolo to improve his farming and livestock business. He invested his loan of $200 to buy fertilizer and animal feed.
Elitosem has now repaid his loan in full. In addition to repaying his loan, Elitosem has used his additional income to purchase food for the family and expand his current business.
Elitosem's 4 children continue to study in school.
The loan Elitosem received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Elitosem hopes to repair or expand their home and expand his current business.
Thank you for your support of Elitosem and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.