Verginia Hermoso is from Carmen, Cebu, Philippines. She has 5 children. She needs a loan of $200 to buy dry goods for the sari-sari store.
Verginia Hermoso is from Carmen, Cebu, Philippines. She has 5 children. She needs a loan of $200 to buy dry goods for the sari-sari store.
Verginia Hermoso is 45 years old and owns a small piggery. She sells dry goods for the sari-sari store. She would like for all her children to finish college. It was in 2006 that she started her livelihood.
At the moment she earns 300 a day. She has five children. Raymer John Hermoso, 17, first year college. Ma. Corazon Hermoso, 16, 3rd year high school who wants to become a teacher. Regen Hermoso 14, 2nd year High School. Ronald Hermoso, 11 years old , fifth grade. Creshia Ann Hermoso, the youngest.
Her income from her business goes towards the children's education and family daily consumption.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
Verginia Hermoso is from Carmen, Cebu, Philippines. She has 5 children. She needs a loan of $200 to buy dry goods for the sari-sari store.
Verginia Hermoso is from Carmen, Cebu, Philippines. She has 5 children. She needs a loan of $200 to buy dry goods for the sari-sari store.
Four months ago, Verginia was really worried looking for money to support her sari-sari store. She has five children and the money she spends for their daily needs comes from her business.
The loan was truly a help to her family. Without the loan, she might have closed her business or receive a loan from a loan shark who charges a high interest rate.
At the moment, she has a good repayment record.
A business expansion was made possible through this World Vision loan. Verginia is now optimistic that she can save enough for her children's future.
Verginia has paid the loan in full and thanks those who sponsored and gave her this help.
