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Daryl is from Philippines. He needs a loan of $100 to purchase gasoline and tricycle repairs .
Daryl is from Philippines. He needs a loan of $100 to purchase gasoline and tricycle repairs .
Daryl Valencia is a father of one child, a daughter named Darlene. He lives with his family in the town of Naic, Cavite Philippines, where he works very hard operating his transportation business with his community to help earn a living for his family. At this time, Daryl lacks the funds needed to do maintanence repair on his tricycle to continue with is business.
With a loan from World Vision, Daryl will be able to purchase more gasoline and make all the repairs he needs on his tricycle in order to continue with his transportation business. Because of the loan, he'll be able to grow his business and generate more income. With the additional income, Daryl will be able to provide for all of his family's daily needs.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% 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 Daryl Valencia to expand his services and transportation business. After receiving the loan from World Vision, he invested the $100 to purchase gasoline and tricycle repairs. Daryl has been repaying his loan on time with his new profits. He makes weekly payments of $5.
In addition to repaying his loan, Daryl is using additional income to maintain or repair equipment and purchase food for the family. Daryl's child continues to study in school.
Thank you for supporting Daryl and World Vision Micro!
Thank you for supporting the small loan for Daryl Valencia to improve his services and transportation business. He invested his loan of $100 to purchase gasoline and tricycle repairs.
Daryl has now repaid his loan in full. In addition to repaying his loan, Daryl has used his additional income to repair equipment and purchase food for the family.
Daryl's young child continues to study in school.
The loan Daryl received helped his business expand and the profits he is earning create lasting improvements in his life. In the future Daryl hopes to repair his home and expand the current business.
Thank you for your support of Daryl and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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