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Victorino is from Philippines. He needs a loan of $400 to maintain his tricycle, renew his permit, and buy gasoline .
Victorino is from Philippines. He needs a loan of $400 to maintain his tricycle, renew his permit, and buy gasoline .
Victorino spends his day driving his tricycle on the streets of Naic in the province of Cavite in the Philippines. Although his children are grown, Victorino wants to continue driving so he can buy food, support his family's needs and not be dependent on his children.
With a loan from World Vision he will be able to renew his tricycle permit (so he can operate legally), maintain his tricycle, and buy gasoline. Eventually he would like to afford to repair his house.
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 Victorino Arcega to expand his services and transportation business. After receiving the loan from World Vision, he invested the $400 to maintain his tricycle, renew his permit, and buy gasoline to transport customers.
Victorino has been successfully repaying his loan on time with his new profits. He makes weekly payments of $20.
In addition to repaying his loan, Victorino is using additional income to purchase food for his family and expand the current business. Victorino's two children continue to study in school.
Thank you for supporting Victorino and World Vision Micro!
Thank you for supporting the small loan for Victorino Arcega to improve his transportation service business. He invested his loan of $400 to maintain his tricycle, renew his permit, and buy gasoline.
Victorino has now repaid his loan in full. In addition to repaying his loan, Victorino has used his additional income to purchase food for his family, expand his current business and do home repairs.
Victorino's two children continue to study in school.
The loan Victorino received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Victorino hopes to expand his current business and take out another loan.
Thank you for your support of Victorino and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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