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Loreta is from Philippines. She needs a loan of $700 to purchase hog feed.
Loreta is from Philippines. She needs a loan of $700 to purchase hog feed.
Loreta Sevare is from Hilongos, Philippines. At 67 years old, Loreta is still raising hogs to support her family. She has a sow that is pregnant and will be having piglets very soon.
Loreta wants to be prepared for the arrival of her piglets and needs a loan from World Vision to do so. She will purchase feed for her pigs so that they can grow to be healthy hogs. Her income helps with her daily needs and helps her support her grandchilren.
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.
Loreta is easy to talk to. She smiled and shared that her sow has produced healthy piglets. She is looking forward to finding a good buyer in her community. Usually piglets are sold for about US$50.00 each in the Philippines.
She is repaying her loan on time. Thank you for supporting Loreta and World Vision Micro!
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Thank you for supporting the small business loan for Loreta Sevare to improve her farming and livestock business. She invested her loan of $700 to purchase hog feed.
Loreta has now repaid her loan in full. In addition to repaying her loan, Loreta has used her additional income to purchase food for the family and expand the current business. Loreta's 9 children continue to study in school.
The loan Loreta received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Loreta hopes to repair or expand their home and expand the current business.
Her loan has been repaid in full, 100%. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Loreta and World Vision Micro!
