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Florinda is from Philippines. She needs a loan of $200 to purchase hog feed, charcoal and for boat repairs.
Florinda is from Philippines. She needs a loan of $200 to purchase hog feed, charcoal and for boat repairs.
Florinda Incoy is a 55 year old mother of four children, she lives with her family in the town of Naic, Cavite. Florinda owns and operates a fishing business and raises hogs, to help her earn a living for her family. At this time, Florinda lacks the funds needed to purchase hog feed, charcoal and have maintenance work done on her fishing boat.
With a loan from World Vision, Florinda will be able to purchase hog feed, charcoal and have repairs made to her boat. Because of the loan, she'll be able to successfully continue with her fishing and hog raising business. Florinda will also be able to grow her business, gain more customers and increase her income. With the additional income, Florinda will be able to provide for her family's daily needs, pay her bills on time and reinvest in her business.
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 Florinda Incoy to expand her agriculture, retail and repair business where she sells fish, raises hogs and repairs boats. After receiving the loan from World Vision, she invested the $200 to purchase hog feed, and charcoal for boat repairs.
Florinda has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Florinda is using additional income to maintain and repair equipment, purchase food for the family and expand the current business. Florinda's four children continue to study in school.
Thank you for supporting Florinda and World Vision Micro!
Florinda Incoy has successfully repaid her small business loan. She invested the $200 for her commerce business.
Thanks to the loan that she received, Florinda was able to use the profits from her business to pay her children's school fees and purchase food for her family. In the future, Florinda aspires to earn enough to expand the business and take out another loan.
Florinda's four children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Florinda through World Vision Micro. These funds are now available to help other entrepreneurs in Florinda’s community.
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