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Chonita is from Philippines. She has 3 children. She needs a loan of $100 Ingredients for making bread.
Chonita is from Philippines. She has 3 children. She needs a loan of $100 Ingredients for making bread.
Chonita Padilla owns a bakeshop. This is her main source of livelihood. She has applied for a loan from World Vision microfinance so she can earn more income.
Aside from selling bread, she also has a sari-sari store. She is earning a small income each day from this business.
The 43-year-old Chonita is married to Danilo and they have 3 children. The age of the eldest child is 24 and the youngest is 16. Her wish is for her youngest child to finish college and get a degree.
Mrs. Padilla’s loan will be used as additional capital for her business so that she could buy ingredients in making bread.
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.
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.
Aside from purchasing baking materials, she also utilized her loan to supplement her piggery business.
Four months ago, Chonita desperately needed money to invest in her business. She found World Vision microfinance. Now, she has a better livelihood. She added her merchandise in her store and bought feed for her piglets.
She has a good repayment record and actively participating in the weekly cluster meetings.
The loan provided her an additional capital for her businesses. This way she earns more than her usual sales. She is grateful for the help from Micro Finance. Chonita has repaid her loan in full. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Chonita and World Vision Micro!
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