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Cristina is from Philippines. She has 10 children. She needs a loan of $275 to expand store inventory .
Cristina is from Philippines. She has 10 children. She needs a loan of $275 to expand store inventory .
Cristina Bulfa and her husband live in San Roque, Hilongos, Leyte where she runs a Sari-sari store out of their home. He husband gathers palm wine to be made into vinegar for work, but is not able to make much money. Even with the income from the store, they struggle just to make ends meet.
She asking for funding from World Vision that would enable her to replenish her store, and also add new items to the inventory. This should bring in new customers, increase her business and also her profits. The extra income would improve their living conditions and make life better for all of them.
Cristina and her husband have ten children, with three of them still living at home. All of their income goes towards the family's daily consumption and the children's education.
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.
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.
Cristina used her loan to improve her inventory. She bought additional stocks of canned goods, soft drinks, rice, coffee, sugar, milk, and personal care items such as shampoo and toothpaste. The added merchandise will help her attract new customers and increase her income. Cristina is making her loan payments on time.
Thank you for supporting Cristina and World Vision Micro!
Thank you for supporting the small business loan for Cristina Bulfa to improve her food, retail and grocery business. She invested her loan of $275 to expand store inventory.
Cristina has now repaid her loan in full. In addition to repaying her loan, Cristina has used her additional income to pay school fees, purchase food for the family, and expand the current business. Cristina's 10 children continue to study in school.
The loan Cristina received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Cristina hopes to send children to school and expand the current business.
Her loan has been repaid in full, 100%. Thank you for your support of Cristina and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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