Concepcion Penas is from Consolacion, Cebu, Philippines. She has 3 children. She needs a loan of $200 to purchase goods for her store, as well as clothes and pants to sell .
Concepcion Penas is from Consolacion, Cebu, Philippines. She has 3 children. She needs a loan of $200 to purchase goods for her store, as well as clothes and pants to sell .
Aside from having a clothing business, Concepcion Penas also runs a small sari-sari store.
Receiving a loan from World Vision microfinance will help her buy additional merchandise to resell in her sari-sari store. It will also help her buy additional clothes to resell in her clothing business.
Her business goal is to use this loan to continue to establish her business and increase its profitability. As her business grows, the additional income she earns will help pay for her children's school fees as well as buying basic needs for 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.
Concepcion Penas is from Consolacion, Cebu, Philippines. She has 3 children. She needs a loan of $200 to purchase goods for her store, as well as clothes and pants to sell .
Concepcion Penas is from Consolacion, Cebu, Philippines. She has 3 children. She needs a loan of $200 to purchase goods for her store, as well as clothes and pants to sell .
Concepcion used her loan to buy items in bulk, espcially clothing. She wanted to be able to better attract customers and offer them more variety. Her customers now have more choice and she is making better profits.
Concepcion is paying her loan back on time.
The loan from World Vision changed Concepcion's business in terms of her capacity to buy products that would satisfy more customers. Her profits have increased and she can afford more nutritious food for her family.
The loan is now paid in full.
