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Vergily is from Philippines. She needs a loan of $1,175 to purchase fertilizer.
Vergily is from Philippines. She needs a loan of $1,175 to purchase fertilizer.
Vergily Ayungon is a 49 year old woman from Ayungon, Philippines. She is used to working in the fields and raising hogs, as it is her main source of income. Due to limited capital, there are times when she has to compromise the quality of her feed, decreasing the production of the hogs.
Vergily finds hope in the opportunity that comes with a loan from World Vision. This loan will be used to buy feed and fertilizer for her farm. She is hoping that through this loan, she will have increased profits in her business. Her income will be for family's daily consumption, savings for the future, and reinvestment in the same business.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
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.
Vergily's loan was invested in hog feed and fertilizer.
She feels blessed that, in spite of having a small business like this, World Vision has entrusted her with a loan without taking any collateral. She also feels fortunate that she doesn't have to use a money lender.
She is paying her loan on time and attends the weekly business meetings.
Vergily was elated upon selling her mature hogs. All her hard work has paid off. The profit that she was able to set aside will be used to buy more piglets to raise. In addition, she has begun buying healthier food to feed her family. She is grateful for the kind of service that World Vision Micro gives to the poor.
Her loan has been repaid in full.
These loan funds are now available to help another eager entrepreneur in her community. Thank you for supporting Vergily and World Vision Micro!
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