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Titik is from Indonesia. She needs a loan of $150 to purchase an electronic pressing tool .
Titik and her husband have 2 school age children. She sells plastic straws to support her family. She buys the straws in bulk from the factory, presses them and resells them in smaller packages.
With a loan from World Vision Titik can purchase another pressing tool for packaging to improve her productivity. Increased sales will provide a larger income for her family and allow her to pay school fees for her children and cover basics needs for her family.
She hopes that her business will grow and someday she can recruit more employees thus creating more job opportunities for her neighbors.
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.
World Vision began working with the people of Indonesia in 1957, when we hosted a pastors conference. In 1961, a childcare program opened to help orphans and refugee children. By 1967 the program grew to assist some 2,000 children. During the 1970s, World Vision donors sponsored more than 8,000 children, and community development work began in several areas. Today, U.S. sponsors alone support 20,000 children in six community development areas, including Surabaya.
Ministry of Education data shows that many children living in the slums of Surabaya are not attending school. Surveys also found that high numbers of infants die from preventable diseases such as pneumonia and diarrhea. This community has schools and health clinics, but the most common factor preventing access is poverty. Families can’t afford school fees and materials, or the cost of clinic visits and medicines. To address these issues, World Vision and community members have determined that improved income opportunities and health and education projects are critical. Community instruction on the importance of child rights and education also were deemed vital to community success.
World Vision began working alongside families in the slums of Surabaya in 2000, and programs designed to provide lasting, holistic, community development are directly targeting approximately 2,045 sponsored children and their families.
Thank you for supporting a small business loan for Titik Buana to expand her retail business where she sells plastic straws. After receiving the loan from World Vision, she invested the $150 to purchase an electronic pressing tool to improve her productivity.
Titik has been repaying her loan on time with her new profits. She makes weekly payments of $4 .
In addition to repaying her loan, Titik is using additional income to pay school fees and purchase school supplies.
Titik's 2 children continue to study in school.
Thank you for supporting Titik and World Vision Micro!
While Titik Buana initially invested in her business loan by purchasing to purchase an electronic pressing tool, she has struggled to repay her loan. While we continued to work with Titik to help her reestablish her business, we regret to report that Titik has now defaulted on her loan.
Titik prays that she will someday be able to restart she business so that she can better provide for her family. Titik would like to sincerely thank the donors who partnered with her. Please pray for Titik and her family at this time.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations.
Thank you for your understanding, and your support of World Vision Micro. If you have any questions or concerns, please feel free to call our Customer Care line at 1-888-511-6444.