Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Cristina is from Philippines. She needs a loan of $175 to purchase merchandise for store .
Cristina Agunod is a mother of four children, ages are: 3, 4, 6, 12. She lives with her family in the town of Matalom, Leyte, where she owns and operates a sari-sari store, (convenience store) within her community, to help earn a living for her family. At this time, Cristina lacks the funds needed to purchase more merchandise to sustain and continue with her business.
With a loan from World Vision, Cristina will be able to purchase more merchandise for her store. Because of the loan, she'll be able to attract more customers, grow her business and increase her income. With the additional income, Cristina will be able to provide for her family's daily needs and pay for his childrens education.
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 Cristina Agunod to expand her sari-sari store. After receiving the loan from World Vision, she invested the $175 to purchase merchandise for store.
Cristina has been repaying her loan on time with her new profits. She makes weekly payments of $8.
In addition to repaying her loan, Cristina is using additional income to pay school fees, purchase food for the family and expand the current business. Cristina's four children continue to study in school.
Thank you for supporting Cristina and World Vision Micro!
Cristina Agunod has successfully repaid her small business loan. She invested the $175 to stock her store.
Thanks to the loan that she received, Cristina was able to use the profits from her business to pay school fees for her four children, purchase food for the family, and expand her business.
Because she was able to invest in her business, she will be able to invest in her family.
Thank you for supporting Cristina and World Vision Micro. These funds are now available to help other entrepreneurs in Cristina’s community.