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Sergio R

Sergio is from Philippines. He has 1 child. He needs a loan of $100 to buy palm wine.

Agriculture/Animals
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Sergio is from Philippines. He has 1 child. He needs a loan of $100 to buy palm wine.

  • Top Goals To buy palm wine
  • Children Helped 1

Sergio's Story

Sergio is a resident of Matalom, Leyte Philippines and has a 10 year-old daughter named Maricel whom he supports in her studies. He makes a living by gathering and buying palm wine which is fermented to make vinegar. Sergio hopes to run a successful business not only for himself, but especially for his daughter's future, but he lacks the financial capital he needs to maintain it.

With a loan from World Vision Sergio will be able to buy more palm wine from other coconut farmers to ferment into vinegar. By selling the vinegar, he hopes to make extra profits to finance his daughter's schooling, buy food for his family's daily consumption, put in his savings, and reinvest in his business.

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Industry Info

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.

Sergio'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.

Sergio's Mid Term Update June 24, 2012

Thank you for supporting a small business loan for Sergio Roxas to expand his manufacturing business where he makes palm vinegar for a living.

Sergio has been repaying his loan on time with his new profits. He makes weekly payments of $5. In addition to repaying his loan, Sergio is using additional income to pay school fees, purchase food for the family, and expand the current business. Sergio's 1 child continue to study in school.

Thank you for supporting Sergio and World Vision Micro!

Sergio's Final Update September 02, 2012

Sergio

Thank you for supporting the small loan for Sergio Roxas to improve his fermentation business. He invested his loan of $100 to buy more palm wine from other coconut farmers to ferment into vinegar.

Sergio has now repaid his loan in full. He used his additional income to pay school fees and purchase food and other daily necessities for his family.

The profits he is earning create lasting improvements in his life. In the future Sergio hopes to continue sending his daughter to school, repair their home and expand his palm vinegar business further.

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

Total Amount
$100

Amount raised

$100
$100
100%

Help Sergio

1 Donors

  • Ian
    April 15, 2012
    Contributed to 20 other loans

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