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Betty is from Philippines. She needs a loan of $150 fertilizer and additional stock for variety store .
Betty is from Philippines. She needs a loan of $150 fertilizer and additional stock for variety store .
Betty is a 64-year old mother of eight grown children. She lives in Mabinay, Negros Oriental, Philippines where she is engaged in farming. She also has been running a sari-sari (variety) store for more than twenty years, for additional income. The store is doing well; however, Betty needs additional capital to ensure her store remains sustainable and progressive.
Betty is requesting a World Vision microloan to buy fertilizer for her crops for a high-yield harvest, as well as to purchase additional merchandise for her store to make it more competitive to attract more customers.
Any additional revenue from the sale of her crops and the store business will be used for daily consumption and reinvestment in the two businesses, as well as providing savings for her future well-being.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
The community of Mountain View is located in a boot-shaped province on Negros Island in the Philippines. Home to Mt. Kanlaon, an active volcano, the area is rich with natural resources. With convenient access to a variety of markets, the community is emerging as a promising frontier for investors.
Economic activities revolve around agriculture, fishery, and forestry. Environmental degradation is a pressing concern. The region has been identified as one of the lowest income-earning areas in the country. Families struggle to acquire proper nutrients, and some do not have access to clean water. Malnutrition and disease are constant concerns. Families are hindered by poor road conditions, and many children drop out of school.
In Mountain View, World Vision has provided community members with key employment skills, including training in food processing and assistance in livestock rearing. We have also provided medical and housing assistance, supplemental food for malnourished children, fees and materials for children to attend school, and educational support for child laborers.
Thank you for supporting a small business loan for Betty Delalena to expand her farming and retail business. After receiving the loan from World Vision, she invested the $150 fertilizer and additional stock for her variety store.
Betty has been repaying her loan on time with her new profits. She makes weekly payments of $9.
In addition to repaying her loan, Betty is using additional income to purchase food for the family, purchase fertilizer, and expand the current business. Betty's 8 children continue to study in school.
Thank you for supporting Betty and World Vision Micro!
Betty Delalena has successfully repaid her small business loan. She invested the $150 for her agriculture/animals business.
Thanks to the loan that she received, Betty was able to use the profits from her business to purchase food for her family and expand the current business. In the future, Betty aspires to earn enough to repair or expand their home and expand the current business.
Betty's 8 children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Her loan has been repaid in full, 100%.
These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Betty and World Vision Micro!
