Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Maria is from Philippines. She needs a loan of $175 to buy more merchandise for her store.
Maria manages a sari-sari store (convenience store) for a living to support her family. She lives in Bato, Leyte and is married with four children; her youngest is her 18-year-old son, Premitivo. Maria desires to make her store bigger and to buy more grocery items and soft drinks to sell in order to generate more income. However, she currently lacks the financial capital she needs to expand her business.
With a loan from World Vision Maria will be able to buy more merchandise for her store. This will allow her to increase her income which means nutritious food for her family, savings and a thriving business. Any additional income will go towards renovating her house.
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 Maria Botin to expand her food and retail business. After receiving the loan from World Vision, she invested the $175 to buy more merchandise for her store. Maria has been repaying her loan on time with her new profits. She makes weekly payments of $8.
In addition to repaying her loan, Maria is using additional income to purchase food for the family and expand the current business. Maria's 4 children continue to study in school.
Thank you for supporting Maria and World Vision Micro!
Thank you for supporting Maria Botin’s retail business through World Vision Micro. Maria invested her small business loan of $175 to buy more merchandise for her store.
She has made weekly payments of $8 and has now fully repaid her loan.
With the profits from her business, Maria decided to purchase food for her family, improve her current business and do home repairs. Maria’s goal for the future is to earn enough so that she can expand the business and take out another loan.
Maria’s four children remain in school. Because of your donation, Maria is able to provide a better future for her family.
Thank you for providing Maria with hope and a future through World Vision Micro. These funds are now being recycled to support another hardworking entrepreneur in the same community.