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Rosemarie is from Philippines. She needs a loan of $275 to purchase cosmetics on sale.
Rosemarie is engaged in direct selling of products from several cosmetics companies. She is happy with this small business, because she can do this during her free time while looking after her two young children at home.
Because of this business, she has applied for a loan so she can purchase products when they are offered on sale. She hopes to grow her business and become a registered member of other brands to increase her sales.
The additional income will go to her family's daily food consumption, her children's schooling and possible new business opportunities.
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 Children’s Helper is located in the province of Cavite in the Philippine islands, to the southwest of Manila. Like most of the Philippines, the region experiences dry weather from December through June and a rainy season from July through November. Floods and typhoons are common threats.
Fishing is a major source of income, with catches including milkfish, crabs, tilapia, mussels, and oysters. Other income-generating activities include agriculture, livestock production, and industrial jobs. Often, families do not earn enough to meet basic needs and children drop out of school to find work. Many children are underweight. The community has access to a shallow well and several pumping stations that provide them with water for household needs.
In Children’s Helper, World Vision is assisting families with income generation through loans and retail projects such as making and selling soap. We are also providing medical checkups and healthcare for children.
Rosemarie used the money she received from her loan to purchase products from Personal Collection. This company is becoming more well known and sought after by customers. She is more active in her business. She is focusing on increasing her sales and profits.
She is paying her loan back on schedule. Thank you for supporting Rosemarie and World Vision Micro!
Rosemarie received a loan to help with her cosmetics selling business. She is experiencing some issues with payment from her customers. She has given them products on credit and they are not repaying her on time. This is affecting her financial status. As a result she has been unable to make her loan payments on time.
However, Rosemarie still agrees to repay her loan. She will need the term for her loan extended. Please pray for Rosemarie and her family. Thank you for supporting Rosemarie and World Vision Micro!