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Benjie is from Philippines. She has 3 children. She needs a loan of $200 to purchase materials for seaweed farming.
Benjie is from Philippines. She has 3 children. She needs a loan of $200 to purchase materials for seaweed farming.
Benjie Badinas is a 30 year old mother of three children: Crisgie-3, Begie-4 and Regie-11. She lives with her family in Bato, Leyte Philippines, where since 2009 she has been working very hard as a seaweed farmer to help earn a living for her family. At this time Benjie lacks the funds to purchase much needed materials to operate her seaweed farming business successfully.
With a loan from World Vision, Benjie will be able to purchase plastic ropes, wooden stakes and gasoline to operate her business with success. Because of the loan, she'll be able to grow her business and increase her income. With the additional income, Benjie will be able to provide for her family's daily needs, pay for her children's education and reinvest in her businees.
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 the small loan for Benjie Badinas to improve her farming and retail business. She invested her loan of $200 to purchase materials for seaweed farming.
Benjie has now repaid her loan in full. In addition to repaying her loan, Benjie has used her additional income to pay school fees, purchase food for the family, and expand the current business. Benjie's 3 children continue to study in school.
The loan Benjie received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Benjie hopes to expand the current business and take out another loan.
Benjie was able to pay her remaining balance in full and plans of taking another loan soon for her business' expansion.
Thank you for your support of Benjie and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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