Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Iarene is from Philippines. She has 1 child. She needs a loan of $150 For the renovation of her restaurant.
Iarene Balabais 23 years old and is engaged in the food business. She owns a restaurant. It was just a small eatery but then she managed to make it bigger.
Now, she would like to improve the size of her restaurant to be able to attract and accommodate more customers. She has one child, Evien Kate Balaba, 3 years old. She dreams to pursue the education of her child.
Currently, she earns Php 2000 a day from her business. She hopes to achieve bigger success of her business in the coming months with the new loan.
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.
World Vision began working with the people of the Philippines in Manila in 1954. Childcare projects began shortly thereafter to help fund orphanages and daycare centers, health-care programs, educational assistance, hygiene, and spiritual enrichment projects. The Good Shepherd’s Fold Orphanage Project provided a gas stove, 600 reference books, musical instruments, vegetable seeds, and 3,000 textbooks to children on the island of Guimaras.
From 1960 to 1969, sponsorship continued to grow with the addition of the Mercyville orphanage in the village of Polonulig on the island of Mindanao. In addition, the Philippines Medical Boat Mission Project ministered to suffering people in remote, sea-locked villages. Medical and
evangelical teams provided health care through two- and three-day clinics in churches and homes.
World Vision opened the Manila office in 1972. Staff sought to improve communities and continued sharing the message of the Gospel. By the end of the decade World Vision sponsored 29,750 children. Community development projects provided a comprehensive approach to integrate
development among the small islands, which typically have few resources and are inaccessible during rough seas. Projects there sought to promote fishing, health care, sanitation, and education. The Ilin Island Fishing Project benefited 600 people by promoting self-sufficiency through agricultural production, increased fishing harvests, and improved water supplies.
Iarene used the loan to purchase ingredients for her food business. As well, she has set aside some amount on ready-to-wear (RTW) clothing business. Aside from improvement on her business, the loaned money has helped her on feeding maintenance for the hogs she is raising. Iarene is loyal with the repayment terms and has a strong record. Thank you for supporting Iarene and World Vision Micro!
With this loan and Iarene's hard work, she has seen income from her business increase. She is busy preparing and selling food during the day and at the same time take care of her child.
Iarene has paid her loan in full and is thankful for this opportunity from World Vision donors.