Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Juliana is from Philippines. She needs a loan of $325 to purchase materials for seaweed farming.
Juliana Taneo is a 65 year old mother and wife who lives with her husband in Dawahon, Bato, Leyte, where she works very at her seaweed farming business within her local community, to help earn a living for her family. At this time Juliana lacks the funds needed to purchase more materials for her seaweed farming business.
With a loan from World Vision, Juliana will be able to purchase plastic ropes, wooden stakes and gasoline needed to continue her business with success. Because of the loan, Julianna will be able to attract more customers, grow her business and increase her income. With the additional income, Juliana will be able to purchase medications for her husbands hypertension and provide for their daily needs.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing 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 Juliana Taneo to expand her seaweed farming business. After receiving the loan from World Vision, she invested the $325 to purchase necessary materials.
Juliana has been successfully repaying her loan on time with her new profits. She makes weekly payments of $16.
In addition to repaying her loan, Juliana is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Juliana and World Vision Micro!
Thank you for supporting the small loan for Juliana Taneo to improve her seaweed farming business. She invested her loan of $325 to purchase materials for seaweed farming.
Juliana has now repaid her loan in full. In addition to repaying her loan, Juliana has used her additional income to purchase food for her family and expand her current business.
The loan Juliana received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Juliana hopes to expand her current business and take out another loan.
Thank you for your support of Juliana and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.