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Carmen B

Carmen is from Philippines. She has 6 children. She needs a loan of $325 to buy straw, a wooden peg and gasoline.

Production
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Carmen is from Philippines. She has 6 children. She needs a loan of $325 to buy straw, a wooden peg and gasoline.

  • Top Goals To buy straw, a wooden peg and gasoline
  • Children Helped 6

Carmen's Story

Carmen Bucao has been farming seaweed since 1985. She is pictured here sitting on a pile of dry seaweed. She is 56 years old and from Bato, Leyte.

She is requesting a loan to sustain her business. She plans to purchase straw, a wooden peg, and gasoline needed for her farming operation. The additional income she brings in from her business will be used to renovate her house, to save for the future, and to reinvest in her farming business.

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Industry Info

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.

Carmen's Community

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.

Carmen's Mid Term Update April 14, 2012

Thank you for supporting a small business loan for Carmen Bucao to expand her seaweed farming business. After receiving the loan from World Vision, she invested the $325 to buy straw, wooden pegs, and gasoline.

Carmen has been repaying her loan on time with her new profits. She makes weekly payments of $16. In addition to repaying her loan, Carmen is using the additional income to purchase food for the family, expand the current business, and do home repairs. Carmen's 6 children continue to study in school.

Thank you for supporting Carmen and World Vision Micro!

Carmen's Final Update June 23, 2012

Carmen

Thank you for supporting the small business loan for Carmen Bucao to improve her farming and food business. She invested her loan of $325 to buy straw, wooden pegs, and gasoline.

Carmen has now repaid her loan in full. In addition to repaying her loan, Carmen has used her additional income to purchase food for the family and expand the current business. Carmen's 6 children continue to study in school.

The loan Carmen received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Carmen hopes to repair or expand their home and expand the current business.

Thank you for your support of Carmen and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$325

Amount raised

$325
$325
100%

Help Carmen

2 Donors

  • Jeff & Deborah
    January 31, 2012
    Contributed to 36 other loans
  • Peter
    February 04, 2012
    Contributed to 58 other loans

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