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Maria Alona is from Philippines. She has 5 children. She needs a loan of $625 to buy a wooden peg, straw and gasoline.
Maria Alona is from Philippines. She has 5 children. She needs a loan of $625 to buy a wooden peg, straw and gasoline.
Maria Alona farms seaweed, locally known as guso. This kind of seaweed is a blessing to her, because it thrives on the island of Dawahon.
An investment in Maria "now" is an investment in her family's future. She is asking for a loan so that she can buy the raw materials that she needs for the harvest season, such as a wooden peg, straw, and gasoline. Her income provides for her family's daily needs. She also pays for her youngest child, Apple's education. She will also keep an eye out for other business opportunities to invest in.
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.
Thank you for supporting a small business loan for Maria Alona Pinola to expand her seaweed farming business.
After receiving the loan from World Vision, she invested the $625 to buy a wooden peg, straw, and gasoline.
Maria Alona has been repaying her loan on time with her new profits. She makes weekly payments of $31.
In addition to repaying her loan, Maria Alona is using additional income to purchase food for the family and expand the current business. Maria Alona's 5 children continue to study in school.
Thank you for supporting Maria Alona and World Vision Micro!
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Thank you for supporting the small business loan for Maria Alona Pinola to improve her farming business. She invested her loan of $625 to buy a wooden pegs, straw, and gasoline.
Maria Alona has now repaid her loan in full. In addition to repaying her loan, Maria Alona has used her additional income to pay school fees, purchase food for the family, and expand the current business. Maria Alona's 5 children continue to study in school.
The loan Maria Alona received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Maria Alona 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 Maria Alona and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.
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