Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
READ MORE…
.JPG?1338527771)
Filipinas is from Philippines. She needs a loan of $250 to buy additional merchandise.
Filipinas is from Philippines. She needs a loan of $250 to buy additional merchandise.
Filipinas is forty years old and from Maragondon, Cavite Philippines. She began a sari-sari store (convenience store) business in 1995 to support her five children: Joana (18), Josimae (15), Laica Joy (14), Ares Joy (12), and Philip Jayson (7). Filipinas would like to expand her business, but she lacks the financial capital to do so.
With a loan from World Vision Filipinas will be able to buy more merchandise for her store. By adding more basic household goods to offer her clients, she will be able to generate more income and better provide for her family. Specifically, the additional profits will go towards her children's education, the family's daily consumption, reinvestment in her business and savings.
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 Filipinas Linezo to expand her convenience store, called a "sari-sari" store locally. After receiving the loan from World Vision, she invested the $250 to buy additional merchandise to stock her store.
Filipinas has been repaying her loan on time with her new profits. She makes weekly payments of $12.
In addition to repaying her loan, Filipinas is using additional income to purchase food for the family, buy school supplies and expand the current business. Filipinas's 5 children continue to study in school.
Thank you for supporting Filipinas and World Vision Micro!
Thank you for supporting Filipinas Linezo’s convenient store business through World Vision Micro. Filipinas invested her small business loan of $250 to buy additional merchandise for her store. She has made weekly payments of $12 and has now fully repaid her loan.
With the profits from her business, Filipinas was able to pay her children's school fees, purchase food for her family and expand her current business. Filipinas’s goal for the future is to earn enough so that she can expand her current business and take out another loan.
Filipinas’s five children remain in school. Because of your donation, Filipinas is able to provide a better future for her five children.
Thank you for providing Filipinas with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.
.JPG?1367284362)
