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Rey Ann is from Philippines. She has 4 children. She needs a loan of $175 to purchase fruit and vegetable stock.
Rey Ann is from Philippines. She has 4 children. She needs a loan of $175 to purchase fruit and vegetable stock.
Rey Ann Manese is 27 years old, married and the mother of four children, who lives with her family in Hilongos, Leyte. Rey Ann works very hard as a fruit and vegetable vendor in her local community, to help provide for her family. At this time Rey Ann lacks the funds needed to purchase more fruit and vegetable stock for her business.
With a loan from World Vision, Rey Ann will be able to purchase more fruit and vegetable stock for her vendor business. Because of the loan, she'll be able to attract more customers, grow her business and increase her income. With the additional income, Rey Ann will be able to provide for her family's daily needs and pay for her children's education.
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.
Thank you for supporting a small business loan for Rey Ann Manese to expand her food and retail business. After receiving the loan from World Vision, she invested the $175 to purchase fruit and vegetable inventory to sell to customers.
Rey Ann has been successfully repaying her loan on time with her new profits. She makes weekly payments of $8.
In addition to repaying her loan, Rey Ann is using the additional income to pay school fees, purchase food for her family and expand the current business. Rey Ann's four children continue to study in school.
Thank you for supporting Rey Ann and World Vision Micro!
Rey Ann Manese has successfully repaid her small business loan. She invested the $175 for her commerce business.
Thanks to the loan that she received, Rey Ann was able to use the profits from her business to pay her children's school fees, purchase food for her family and expand her current business. In the future, Rey Ann aspires to earn enough to send her children to school, repair or expand their home and expand her current business.
Rey Ann's four children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Rey Ann through World Vision! These funds are now available to help other entrepreneurs in Rey Ann’s community.
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