Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Elvira is from Philippines. She needs a loan of $150 to purchase additional merchandise.
Elvira owns a Sari-sari (variety) store in the town of Matalom, Leyte Philippines. She is an ambitious 31-year old, who's business-minded and wishes she has other businesses too.
Elvira is asking for a World Vision microloan so she can offer more of a variety of items which will make her more competitive. She will be able to buy merchandise in bulk at a discounted price and maximize her profits. Elvira hopes to expand her store someday. For now, she enjoyes making gradual improvements in her business.
The additional income will be used for family daily consumption, savings and reinvestment in her Sari-sari store.
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 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.
Thank you for supporting a small business loan for Elvira Belchez to expand her sari-sari store. After receiving the loan from World Vision, she invested the $150 to purchase additional merchandise.
Elvira has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Elvira is using additional income to pay school fees, purchase food for the family and expand the current business.
Thank you for supporting Elvira and World Vision Micro!
Thank you for supporting Elvira Belchez’s business through World Vision Micro. Elvira invested her small business loan of $150 to purchase additional merchandise for her sari-sari store. She made weekly payments of $7 and has now fully repaid her loan.
With her profits, Elvira decided to purchase food for the family and expand the current business.
Again, thank you for providing Elvira with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.