Maria Nelfa Gerargile is from Consolacion, Cebu, Philippines. She needs a loan of $175 to buy additional merchandise to resell .
Maria Nelfa Gerargile is from Consolacion, Cebu, Philippines. She needs a loan of $175 to buy additional merchandise to resell .
Maria Nelfa Gerargile runs a small sari-sari store in her town. She started her business in 2004 and she earns just a small daily wage.
Her goal is to make her business more solid and to achieve better profitability. One of the major challenges that she faces is that she lacks capitalization in her business.
The loan will help improve her life because she will use the funds to buying additional merchandise. She will then resell the merchandise for a small profit.
With the additional profits she earns, she will better be able to support her family.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Maria Nelfa Gerargile is from Consolacion, Cebu, Philippines. She needs a loan of $175 to buy additional merchandise to resell .
Maria Nelfa Gerargile is from Consolacion, Cebu, Philippines. She needs a loan of $175 to buy additional merchandise to resell .
Maria was happy to receive the loan and used the financial assistance at a time when she did not think she could continue in her business. The funds were used to purchase additional items to display and sell in her general store. Sales increased with this new merchandise and this helped her provide for her family's financial needs.
Maria pays her loan on time.
The World Vision loan sustained Maria's business. A burden has been lifted from her shoulders. She sees this as just a start and still has plans for her business.
Maria's loan is now fully paid.
