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Leonidesa is from Philippines. She needs a loan of $275 to purchase fertilizer.
Leonidesa is from Philippines. She needs a loan of $275 to purchase fertilizer.
Leonidesa owns a rice farm in Tabunok, Hilongos, Leyte to support her family. Every harvest season which is four months, she will earn an average income of Php20,000.00 (which averages out to $100 American dollars/month).
A loan from World Vision will enable Leonidesa to purchase fertilizer and pay for labor to work her farm. Leonidesa is 49 years old and has ten children, five of whom are already married, four are living independently, and the youngest is a seventeen year old daughter. The youngest daugheter has a five year-old who is dependent on Leonidesa as well.
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.
Leonidesa spent her loan on farm inputs like fertilizer. She prays there is good weather throughout the season so that she can expect a good harvest. Leonidesa is making her loan payments on time.
Thank you for supporting the small business loan for Leonidesa Nerio to improve her farming and food business. She invested her loan of $275 to purchase fertilizer.
Leonidesa has now repaid her loan in full. In addition to repaying her loan, Leonidesa has used her additional income to pay school fees, purchase food for the family, and expand the current business. Leonidesa's 10 children continue to study in school.
The loan Leonidesa received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Leonidesa hopes to continue to send her children to school and expand the current business.
She has repaid her loan in full, 100%. These funds are now being recycled to support another eager entrepreneur in the same community. Thank you for supporting Leonidesa and World Vision Micro!
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