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Elena is from Philippines. She needs a loan of $150 to buy hog feed.
Elena is from Philippines. She needs a loan of $150 to buy hog feed.
Elena grew up seeing her family raise hogs for an income. Now that she has a family of her own, she has found the same livelihood in this business. Elena has developed her barn through the years, but is struggling to improve her business and produce quality hogs due to financial constraints.
With a loan from World Vision Elena will be able to purchase animal feed to fatten her hogs. This will allow her to sell them for a greater profit and generate more income to support her two young children (ages 6 and 3). Specifically, she will be able to send them to school as well as pay for electricity and food for the family.
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 Elena Piloton to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $150 to buy hog feed. Elena has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Elena is using additional income to purchase food for the family and expand the current business. Elena's 2 children continue to study in school.
Thank you for supporting Elena and World Vision Micro!
