Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Imelda is from Philippines. She has 1 child. She needs a loan of $150 to buy ingredients.
Imelda is 42 years old and runs a small business selling homemade snacks. She lives in World Vision's Bohol 04-ll region in Philippines. Imelda has sold snacks in this area for more than 5 years.
Imelda also has a second business where she grows rice, coconuts and bananas. This second business provides a supplemental income which Imelda needs to support her family.
Imelda has requested a loan from World Vision to expand her business. With the loan, she would like to buy ingredients for the snacks she sells.
Imelda and her husband have a child who is currently studying in school. She also cares for 4 additional dependents in her home.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
There is no community update available at this time.
Thank you for partnering with World Vision Micro to provide Imelda Asilo with a small loan for her food business. Imelda used her loan of $150 to buy ingredients. She continues to make weekly payments of $6 on time.
With the profits she has earned from her growing business, Imelda is able to pay school fees, purchase food for the family and maintain or repair equipment.
Imelda's 1 child continues to study in school. Thanks to Imelda's hard work, she will be able to provide a brighter future for her 1 child.
Thank you for supporting Imelda's small business through World Vision Micro!
Thank you for supporting the small loan for Imelda Asilo to improve her food business. She invested her loan of $150 to buy ingredients.
Imelda has now repaid her loan in full. In addition to repaying her loan, Imelda has used her additional income to purchase food for the family, purchase fertilizer and buy supplies in bulk.
Imelda's 1 child continues to study in school.
The loan Imelda received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Imelda hopes to expand the current business and take out another loan.
Thank you for your support of Imelda and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.