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Salvacion is from Philippines. She needs a loan of $200 to purchase materials for seaweed farming .
Salvacion is from Philippines. She needs a loan of $200 to purchase materials for seaweed farming .
Salvacion Badinas is the mother of a 23 year old daughter, she lives with her family in Bato, Leyte Philippines. Salvacion works very hard at farming seaweed, (also known as guso) to sell for profit within her community, to help provide for her family. At this time Salvacion lacks the funds needed to purchase materials to operate her seaweed farming business successfully.
With a loan from World Vision, Salvacion will be able to purchase wooden stakes and plastic ropes to operate her business with success. Because of the loan, Salvacion will be able to grow her farming business and increase her income. With the additional income, she'll be able to provide for her family's daily needs and renovate her home.
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 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 Salvacion Badinas to expand her farming and retail business. After receiving the loan from World Vision, she invested the $200 to purchase materials for seaweed farming. Salvacion has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Salvacion is using additional income to purchase food for the family and expand the current business. Salvacion's child continues to study in school.
Thank you for supporting Salvacion and World Vision Micro!
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Thank you for supporting the business loan for Salvacion Badinas to improve her seaweed farming business. She invested her loan of $200 to purchase materials for seaweed farming.
Salvacion has now repaid her loan in full.
In addition to repaying her loan, Salvacion has used her income to purchase food for her family, expand her current business and do home repairs.
Salvacion's child continues to study in school.
The loan Salvacion received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Salvacion hopes to expand the business and take out another loan.
Thank you for your support of Salvacion and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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