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Florencia is from Philippines. She has 3 children. She needs a loan of $250 to purchase bamboo and more merchandise for the store.
Florencia is from Philippines. She has 3 children. She needs a loan of $250 to purchase bamboo and more merchandise for the store.
Florencia operates two businesses. She has a small store and makes and sells bamboo skewers. She maintained both businesses while raising her three children. Now that her children are all grown, she would like to focus on improving her business and making it more stable.
Florencia is requesting a loan to purchase more bamboo to make skewers out of. She will also buy additional merchandise for her store. With the additional income she earns after her business expansion, she will be able to better support her family and renovate her house.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.
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 Florencia Fabia to expand her skewer-making and retail store business . After receiving the loan from World Vision, she invested the $250 to purchase bamboo and more merchandise for the store.
Florencia has been repaying her loan on time with her new profits. She makes weekly payments of $12 .
In addition to repaying her loan, Florencia is using additional income to purchase food for the family and expand her current business.
Florencia's 3 children continue to study in school.
Thank you for supporting Florencia and World Vision Micro!
Florencia Fabia has successfully repaid her small business loan. She invested the $250 for her production business.
Thanks to the loan that she received, Florencia was able to use the profits from her business to purchase food for her family and do home repairs. In the future, Florencia aspires to earn enough to expand the current business and take out another loan.
Florencia's three 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 Florencia through World Vision Micro. These funds are now available to help other entrepreneurs in Florencia’s community.
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