Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Anabella is from Philippines. She needs a loan of $400 to purchase supplies.
Anabella Vasquez lives in Dawahon, Bato, Leyte where she and her husband farm seaweed for a living. They are needing to purchase supplies but lack the capital. A loan would enable her to purchase straw, wooden pegs and other supplies.
Anabella has two children, Roque, 14, and Romeo, 16. All of her income goes towards providing for the family's daily consumption and for schooling. The additional income would ensure that the children could stay in school and improve their living conditions.
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.
Anabella spent her loan on items needed for her seaweed farm, like straw and wooden pegs. She is hopeful that in time she will have a better return on the investment.
She is repaying her loan on time. Thank you for supporting Anabella and World Vision Micro!
Thank you for supporting the small loan for Anabella Vasquez to improve her farming business. She invested her loan of $400 to purchase supplies.
Anabella has now repaid her loan in full. In addition to repaying her loan, Anabella has used her additional income to pay school fees, purchase food for the family and expand the current business.
The loan Anabella received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Anabella hopes to send children to school, repair or expand their home and expand the current business.
Thank you for your support of Anabella and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.