Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Wilfredo is from Philippines. He has 2 children. He needs a loan of $200 to expand the merchandise offered.
Wilfredo operates a Sari-sari (convenience) store and an eatery in the town of Naic, Cavite in the Philippines. He started this business in 1988 while raising his then two young children.
With a loan from World Vision he can buy additional merchandise to sell, continue improving his business and bring in profits for his family's basic needs. Wilfredo hopes to save enough so he will be able to renovate his house and not worry when he's old and cannot earn much.
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 Children’s Helper is located in the province of Cavite in the Philippine islands, to the southwest of Manila. Like most of the Philippines, the region experiences dry weather from December through June and a rainy season from July through November. Floods and typhoons are common threats.
Fishing is a major source of income, with catches including milkfish, crabs, tilapia, mussels, and oysters. Other income-generating activities include agriculture, livestock production, and industrial jobs. Often, families do not earn enough to meet basic needs and children drop out of school to find work. Many children are underweight. The community has access to a shallow well and several pumping stations that provide them with water for household needs.
In Children’s Helper, World Vision is assisting families with income generation through loans and retail projects such as making and selling soap. We are also providing medical checkups and healthcare for children.
Thank you for supporting a small business loan for Wilfredo Rivera to expand his food, retail and grocery business. After receiving the loan from World Vision, he invested the $200 to expand his merchandise offerings. Wilfredo has been repaying his loan on time, making weekly payments of $10 with his new profits.
In addition, to repaying his loan, Wilfredo is using additional income to purchase food for the family, buy supplies in bulk and do home repairs. Wilfredo's 2 children continue to study in school.
Thank you for supporting Wilfredo and World Vision Micro!
Wilfredo Rivera has successfully repaid his small business loan. He invested the $200 for his commerce business.
Thanks to the loan that he received, Wilfredo was able to use the profits from his business to purchase food for his family, buy supplies in bulk and expand the current business. In the future, Wilfredo aspires to earn enough to repair or expand their home and expand the current business.
Wilfredo's 2 children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.
His loan has been repaid in full, 100%.
These loan funds are now available to help another worthy entrepreneur in his community. Thank you for supporting Wilfredo and World Vision Micro!