Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Gemma is from Philippines. She needs a loan of $250 to purchase merchandise.
Gemma Bronio is 41 years old and lives in Tejero, Hilongos, Leyte, in the Philippines. To support her family, she sells goods in a Sari-sari store she has owned since 1996. Gemma would like to increase her current inventory and pave the way to running a profitable business. However, she has little access to the capital she needs to invest in expanding her store.
With a loan from World Vision, Gemma will be able to sustain and grow her business in order to better support her two sons, 13-year-old James Steven and 15-year-old John Steven. With the profits from her expanded business, Gemma will be able to provide for her children's educational needs and feed her family.
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.
Thank you for supporting a small business loan for Gemma Bronio to expand her retail business where she sells groceries. After receiving the loan from World Vision, she invested the $250 by buying merchandise.
Gemma has been repaying her loan on time with her new profits. She makes weekly payments of $12. In addition to repaying her loan, Gemma is using the additional income to pay school fees, purchase food for her family, and buy supplies in bulk. Gemma's 2 children continue to study in school.
Thank you for supporting Gemma and World Vision Micro!
Thank you for supporting the small business loan for Gemma Bronio to improve her retail business. She invested her loan of $250 to purchase additional merchandise.
Gemma has now repaid her loan in full. In addition to repaying her loan, Gemma has used her additional income to pay school fees, purchase food for the family, and expand the current business. Gemma's 2 children continue to study in school.
The loan Gemma received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Gemma hopes to continue to send her children to school, repair or expand their home, and expand the current business.
Thank you for your support of Gemma and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.