Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Geraldine is from Philippines. She needs a loan of $350 to purchase additional supplies for making biscuits.
Geraldine has a business baking and selling biscuits in the town of Hilongos, Leyte, Philippines. She is 25 years old with one son, James, who is 3 years old.
A loan will help Geraldine buy ingredients like flour, sugar, margarine, cooking oil and lard. The increased income will be used for her family's daily consumption, savings and reinvestment in the same business. She hopes someday to have her own shop and a small store which would increase her profits.
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 Geraldine Vilbar to expand her food and retail business. After receiving the loan from World Vision, she invested the $350 to purchase additional supplies for making biscuits. Geraldine has been repaying her loan on time with her new profits. She makes weekly payments of $17.
In addition to repaying her loan, Geraldine is using additional income to purchase food for the family, buy supplies in bulk and expand the current business. Geraldine's child continues to study in school.
Thank you for supporting Geraldine and World Vision Micro!
Thank you for supporting the small loan for Geraldine Vilbar to improve her food and retail business. She invested her loan of $350 to purchase additional supplies for making biscuits.
Geraldine has now repaid her loan in full. In addition to repaying her loan, Geraldine has used her additional income to purchase food for her family and expand the current business.
Geraldine's child continues to study in school.
The loan Geraldine received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Geraldine hopes to expand the current business and take out another loan.
Thank you for your support of Geraldine and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.