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Leonora is from Philippines. She has 1 child. She needs a loan of $350 to purchase materials.
Leonora is from Philippines. She has 1 child. She needs a loan of $350 to purchase materials.
Leonora Taneo lives in Bato, Philippines, where she farms seaweed. This area of the Philippines is rich in fishing activity and seaweed farming. She supports her husband'd kapinan (abalone) business as well. Abalone is exported abroad for decoration and other uses. Despite her work in these two businesses, Leonora's income is not enough to support her family.
A loan from World Vision will allow Leonora to invest in her business. She needs funds for necessities such as gasoline, straw and transportation to market. With the increased income from her seaweed farming business, Leonora will provide a better life for her thirteen year old son, Jhundy.
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 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.
Leonora used her loan to purchase gasoline, straw, and wooden pegs for her seaweed farming business. She was also able to pay transporation fees. The loan has provided sustainability and given her hope for a profitable future. Leonora is making her loan payments on time.
Thank you for supporting the small business loan for Leonora Taneo to improve her farming and food business. She invested her loan of $350 to purchase materials.
Leonora has now repaid her loan in full. In addition to repaying her loan, Leonora has used her additional income to pay school fees, purchase food for the family, and expand the current business. Leonora's 1 child continues to study in school.
The loan Leonora received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Leonora hopes to send children to school and expand the current business.
These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Leonora and World Vision Micro!
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