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Ma. Hyacinth is from Philippines. She has 2 children. She needs a loan of $375 to purchase ingredients and utensils for eatery and raw materials for seaweed farming.
Ma. Hyacinth is from Philippines. She has 2 children. She needs a loan of $375 to purchase ingredients and utensils for eatery and raw materials for seaweed farming.
Ma. Hyacinth, the mother of two children, is from Bato, Leyte Philippines. She has been farming guso (seaweed), as well as cooking and selling home-cooked snack foods, such as pilipit (crunchy twisted pastry) and pancakes, which she sells to local schools.
Ma. Hyacinth enjoys her work and is prepared to continue working hard. She requests a World Vision microloan so she can continue with both businesses. She will buy flour, margarine, sugar, food coloring and cooking oil for her food business and plastic rope and wooden stakes for her seaweed farm.
Any additional income will be used to finance her children’s education and meet her family's daily consumption. She will continue to reinvest in her businesses with any savings she can set aside to ensure her family will be provided better living conditions.
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 Hyacinth Amorin to expand her seaweed farming business. After receiving the loan from World Vision, she invested the $375 to purchase ingredients and utensils for her eatery and also raw materials for seaweed farming.
Hyacinth has been repaying her loan on time with her new profits. She makes weekly payments of $18.
In addition to repaying her loan, Ma. Hyacinth is using additional income to pay school fees, purchase food for the family and expand the current business. Ma. Hyacinth's two children continue to study in school.
Thank you for supporting Hyacinth and World Vision Micro!
Thank you for supporting Ma. Hyacinth Amorin’s farming and food business through World Vision Micro. Ma. Hyacinth invested her small business loan of $375 to purchase ingredients and utensils for her food business and raw materials for seaweed farming. After making weekly payments of $18, she has now fully repaid her loan.
With the profits from her business, Ma. Hyacinth decided to purchase food for her family and expand the current business. Ma. Hyacinth’s goal for the future is to earn enough so that she can expand the current business and take out another loan.
Ma. Hyacinth’s 2 children remain in school. Because of your donation, Ma. Hyacinth is able to provide a better future for her 2 children.
Thank you for providing Ma. Hyacinth with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.
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