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Novelyn is from Philippines. She has 2 children. She needs a loan of $150 additional capital for her business.
Novelyn is from Philippines. She has 2 children. She needs a loan of $150 additional capital for her business.
Novely's place is in a good spot for business. Her house is close to the sea where most people are good at fishing. It is also close to the highway which allows her husband to drive their tricycle for a profit.
In her community, there are also a number of Sari-sari stores. She serves as a supplier of soft drinks. She earns Php700.00/week from this business.
The loan would allow her to procure more soft drinks for her customers. She plans to expand her soft drink business and negotiate factory prices from salesmen to maximize her profit. She also plans to raise hogs in the coming days.
Any income will be used for her children's needs and house renovation.
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.
Novely is a business-minded soft drink supplier to a number of Sari-Sari stores in her area. With the loan money she received Novely purchased additional inventory. She will sell the soft drinks to increase her profits. Novely is keeping up a good loan repayment record. Thank you for supporting Novely and World Vision Micro!
Novelyn's business profit continue improving. The loan has provided for her family due to the profits of both the soft-drinks business and the tricycle that her husband drives.
Novelyn has repaid the loan in full! These loan funds are now available to help another entrepreneur in her community. Thank you for supporting Novelyn and World Vision Micro!
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