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Elizabeth is from Philippines. She needs a loan of $175 to buy more bamboo and fish.
Elizabeth is from Philippines. She needs a loan of $175 to buy more bamboo and fish.
Elizabeth is fifty-one years old and makes a living by producing bamboo skewers and selling fish in the neighborhood of Naic, Cavite. She started this business in 1997. Elizabeth has two grown children, but would like to continue being productive so that she can live a good life free of dependence on them.
With a loan from World Vision Elizabeth will be able to buy more bamboo for making skewers, as well as fresh fish to resell to her community. The additional profits will go towards her family's daily consumption and for renovating 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 Elizabeth Reydado to expand her food, retail and manufacturing business where she makes skewer-making and fish. After receiving the loan from World Vision, she invested the $175 to buy more bamboo and fish. Elizabeth has been repaying her loan on time with her new profits. She makes weekly payments of $8.
In addition to repaying her loan, Elizabeth is using additional income to purchase food for the family and expand the current business. Elizabeth's 2 children continue to study in school.
Thank you for supporting Elizabeth and World Vision Micro!
Thank you for supporting the business loan for Elizabeth Reydado to improve her fish business. She invested her loan of $175 to buy more bamboo and fish.
Elizabeth has now repaid her loan in full.
In addition to repaying her loan, Elizabeth has used her income to purchase food for the animals and expand her current business.
Elizabeth's two children continue to study in school.
The loan Elizabeth received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Elizabeth hopes to improve her current business and take out another loan.
Thank you for your support of Elizabeth and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
