Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Charlene is from Philippines. She needs a loan of $300 to purchase materials for seaweed farming business.
Charlene Almacin is a 33 year old mother of four children ages: 9 months, 5, 9 and 11 years old. She lives with her family in Bato, Leyte Philippines, where she works very hard farming seaweed to help provide for her family. At this time Charlene lacks the funds needed to purchase materials for her seaweed farming business.
With a loan from World Vision, Charlene will be able to purchase wooden stakes, plastic ropes and gasoline to continue her business with success. Because of the loan, she'll be able to grow her business and increase her income as well. With the additional income, Charlene will be able to provide for her family's daily needs, pay for her children's education, create a savings and reinvest in her business.
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 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.
Thank you for supporting a small business loan for Charlene Almacin to expand her seaweed farming business. After receiving the loan from World Vision, she invested the $300 to purchase materials for her business.
Charlene has been successfully repaying her loan on time with her new profits. She makes weekly payments of $15.
In addition to repaying her loan, Charlene is using additional income to pay school fees, purchase food for her family and expand the current business. Charlene's four children continue to study in school.
Thank you for supporting Charlene and World Vision Micro!
Thank you for supporting the small loan for Charlene Almacin to improve her seaweed farming business. She invested her loan of $300 to purchase materials for seaweed farming.
Charlene has now repaid her loan in full. In addition to repaying her loan, Charlene has used her additional income to purchase food for her family and expand her current business.
Charlene's four children continue to study in school.
The loan Charlene received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Charlene hopes to expand her current business and take out another loan.
Thank you for your support of Charlene and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.