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Nila is from Philippines. She needs a loan of $225 to purchase merchandise for her store.
Nila is from Philippines. She needs a loan of $225 to purchase merchandise for her store.
Nila, 52, lives in the town of Hilongos, Leyte in The Philippines. She sells groceries, soft-drinks and other basic staples that families buy at her sari-sari store (a corner grocery).
She has been in this business for two years now to help meet the needs of her family. Her greatest challenge is the practice of selling on credit to her neighbors. This sometimes makes it a struggle to replenish her stock on time. Nila plans to use the loan from World Vision to buy snacks, groceries, foodstuffs and beverages in larger amounts, so that she can buy at a bulk discount. This will help make her store more successful.
Her income will be used to finance the education of her four children: Marlou-16, Marvin-14, Fernando-11 and Mariel An-9.
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 Omega, located in the Southern Leyte province of the Philippines, is home to a large population of farmers and fishermen. On average, 11 of the Philippines’ approximately 24 annual typhoons affect this area. Along with poor farming and fishing practices, this contributes to the depletion of natural resources, which affects economic prosperity. Farmers mainly grow rice, coconut, and sugar cane. Fruit and vegetable production is limited, and many families struggle to find sufficient nutrients.
Nearly 50 percent of the area’s residents live in poverty. As a result of economic struggles, many children drop out of school and seek work in places such as the sugar cane fields or urban areas. These children often face exploitation and abuse.
In Omega, World Vision is helping community members create a more sustainable future by providing training in livestock raising and fertilizer production, distributing small loans, and developing businesses. We are also educating families about child rights and operating children’s associations.
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Thank you for supporting the small loan for Nila Abasola to improve her retail and grocery business. She invested her loan of $225 to purchase merchandise for her store.
Nila has now repaid her loan in full. In addition to repaying her loan, Nila has used her additional income to purchase food for the family and do home repairs. Nila's 7 children continue to study in school.
The loan Nila received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Nila hopes to expand the current business and take out another loan.
Nila was able to pay her remaining balance in full and plans of taking out another loan soon.
Thank you for your support of Nila and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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