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Nanet is from Philippines. She needs a loan of $100 to buy more fish to resell.
Nanet Amaro 40-year old mother of three children is a fish vendor. She works everyday from 4am-6pm to sell the fish that she bought from other fishermen.
Her business profits are what she uses to feed and clothe her children as well as buying the school materials, books and other school needs.
Nanet needs a loan to buy more fish to resell. Her dream is to have a simple but happy and healthy family.
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 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.
When we visited Nanet Amaro, she was glad to share an update of her business. She said that her small loans has helped a lot in buying fish that she resells in the market. It was also used to buy new fishing nets that her husband use in catching fish. She has increased her number of sales now. Thanks to the loan. Aside from fish, she started selling in their village. SHe has a sari-sari stre which helps them supplement their income.
Last Friday, when we visited Nanet Amaro to get an update of her and her business, she said she has increased the size of her fish business. Now, she is earning a profit of Php 500 pesos a day. The loan that she received from World Vision and Community Economic Ventures Inc. has helped her buy more fish to resell. She would like to thank all the donors that funded her loan.
This loan was repaid in full.