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Teresita is from Philippines. She needs a loan of $200 to buy fertilizer, feed and a piglet.
Teresita is from Philippines. She needs a loan of $200 to buy fertilizer, feed and a piglet.
Teresita lives in the town of Mabinay, Negros Oriental and works diligently on her farm to provide for her family. She has four children to support: Airel (16), Joel (15), Christian (11) and Liezel (8). The school year will start soon and she needs to be prepare for their educational expenses.
Teresita dreams of improving her business so that her children will have a better future through education. A World Vision loan will help her in her farming and hog raising business by allowing her to buy fertilizer, hog feed, and a new piglet to raise. Any additional profits will be for her family's daily consumption, savings, and reinvestment in her business.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
The community of Mountain View is located in a boot-shaped province on Negros Island in the Philippines. Home to Mt. Kanlaon, an active volcano, the area is rich with natural resources. With convenient access to a variety of markets, the community is emerging as a promising frontier for investors.
Economic activities revolve around agriculture, fishery, and forestry. Environmental degradation is a pressing concern. The region has been identified as one of the lowest income-earning areas in the country. Families struggle to acquire proper nutrients, and some do not have access to clean water. Malnutrition and disease are constant concerns. Families are hindered by poor road conditions, and many children drop out of school.
In Mountain View, World Vision has provided community members with key employment skills, including training in food processing and assistance in livestock rearing. We have also provided medical and housing assistance, supplemental food for malnourished children, fees and materials for children to attend school, and educational support for child laborers.
Thank you for supporting a small business loan for Teresita Lamatao to expand her farming and livestock business where she raises farming and hog raising. After receiving the loan from World Vision, she invested the $200 to buy fertilizer, feed and a piglet.
Teresita has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Teresita is using additional income to pay school fees, purchase food for the family, and expand the current business. Teresita's 4 children continue to study in school.
Thank you for supporting Teresita and World Vision Micro!
Teresita Lamatao has successfully repaid her small business loan. She invested the $200 for her farming and livestock business.
Thanks to the loan that she received, Teresita was able to use the profits from her business to pay her children's school fees, purchase food for her family, and expand the current business. In the future, Teresita aspires to earn enough to repair or expand their home and expand her current business.
Teresita's four children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Teresita through World Vision! These funds are now available to help other entrepreneurs in Teresita’s community.
