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Sherlita is from Philippines. She has 3 children. She needs a loan of $425 to purchase materials needed to improve seaweed drying platform.
Sherlita is from Philippines. She has 3 children. She needs a loan of $425 to purchase materials needed to improve seaweed drying platform.
Sherlita and her family reside in the Leyte province of the Philippines. She and her husband support their family by fishing and seaweed farming. Sherlita wants to invest in her seaweed farming business to make it more profitable, in order to improve living conditions for her family.
With a loan from World Vision, Sherlita plans to make improvements to the platform she uses to dry the seaweed. The additional income she will earn from this improvement will be used for her family’s daily necessities and to support the education of her three children, who range in grade level from elementary to high school.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.
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.
Sherlita used her loan to purchase supplies such as straw and wooden pegs for her seaweed farming business. She also planted seaweed on time and is expecting a bountiful harvest. Sherlita is making her loan payments on time.
Sherlita's seaweed business has grown and is generating a profit. She is paying her three children's school fees and providing more nutritious food for her family. She continues to reinvest in her business. Sherlita is grateful for the opportunity to improve her family's life.
Her loan is paid in full. These funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Sherlita and World Vision Micro!
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