Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Roselyn is from Philippines. She has 1 child. She needs a loan of $300 to purchase food stock for store.
Roselyn Tenio is a 31 year old mother of one child, a ten year old daughter. Roselyn lives with her family in Matalom, Leyte, where she owns and operates a sari-sari store, (convenience store) to help earn a living for her family. Roselyn at this time lacks the funds needed to sustain her store and continue her business.
With a loan from World Vision, Roselyn will be able to purchase all the food stock she needs to maintain her store and continue with her business. She will also be able to grow her business, attracting new customers and increasing her income. With the additional income, Roselyn will be able to provide for her family's daily needs and pay for her daughters 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 Roselyn Tenio to expand her food and retail business. After receiving the loan from World Vision, she invested the $300 to purchase food stock for her store. Roselyn has been repaying her loan on time with her new profits. She makes weekly payments of $15.
In addition to repaying her loan, Roselyn is using additional income to pay school fees, purchase food for the family, and buy supplies in bulk. Roselyn's 1 child continues to study in school.
Thank you for supporting Roselyn and World Vision Micro!
Thank you for supporting the business loan for Roselyn Tenio to improve her grocery business. She invested her loan of $300 to purchase food stock for store.
Roselyn has now repaid her loan in full.
In addition to repaying her loan, Roselyn has used her income to pay her child's school fees and purchase food for her family.
Roselyn's child continues to study in school.
The loan Roselyn received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Roselyn hopes to expand her current business and take out another loan.
Thank you for your support of Roselyn and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.