Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Romeo is from Philippines. He needs a loan of $475 to purchase a new boat engine.
Romeo Mendoza lives in Brgy, Philippines. He has been a fisherman for a very long time now. He is married with two grown children.
Romeo finds happiness in being a fisherman for his family. Right now, he is worried because he needs to replace the engine on his boat. He said that his old engine consumes too much gasoline. He knows that there are more efficient types available and new engines on the market that will allow him to use crude oil instead. Crude oil is mor readily available and cheaper to find in the area he lives in.
With a loan from World Vision Romeo will be able to purchase a new engine that will be able to run more efficiently, enabling him to make more profit for his family.
The additional income will be for his family's daily needs, savings for future needs and reinvestment in the same business.
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.
World Vision began working with the people of the Philippines in Manila in 1954. Childcare projects began shortly thereafter to help fund orphanages and daycare centers, health-care programs, educational assistance, hygiene, and spiritual enrichment projects. The Good Shepherd’s Fold Orphanage Project provided a gas stove, 600 reference books, musical instruments, vegetable seeds, and 3,000 textbooks to children on the island of Guimaras.
From 1960 to 1969, sponsorship continued to grow with the addition of the Mercyville orphanage in the village of Polonulig on the island of Mindanao. In addition, the Philippines Medical Boat Mission Project ministered to suffering people in remote, sea-locked villages. Medical and
evangelical teams provided health care through two- and three-day clinics in churches and homes.
World Vision opened the Manila office in 1972. Staff sought to improve communities and continued sharing the message of the Gospel. By the end of the decade World Vision sponsored 29,750 children. Community development projects provided a comprehensive approach to integrate
development among the small islands, which typically have few resources and are inaccessible during rough seas. Projects there sought to promote fishing, health care, sanitation, and education. The Ilin Island Fishing Project benefited 600 people by promoting self-sufficiency through agricultural production, increased fishing harvests, and improved water supplies.
Thank you for supporting a small business loan for Romeo Mendoza to expand his fishing business. After receiving the loan from World Vision, he invested the $475 by buying a new boat engine.
Romeo has been repaying his loan on time with his new profits. He makes weekly payments of $23.
In addition to repaying his loan, Romeo is using additional income to purchase food for the family, expand the current business, and purchase equipment. Romeo's 2 children continue to study in school.
Thank you for supporting Romeo and World Vision Micro!
Thank you for supporting the small loan for Romeo Mendoza to improve his repair and transportation business. He invested his loan of $475 to purchase a new boat engine.
Romeo has now repaid his loan in full. In addition to repaying his loan, Romeo has used his additional income to purchase food for the family and expand the current business.
The loan Romeo received helped his business expand and the profits he is earning create lasting improvements in his life. In the future Romeo hopes to repair or expand their home and expand the current business.
Thank you for your support of Romeo and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.