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Jose P

Jose is from Philippines. He has 2 children. He needs a loan of $300 to buy more fish.

Commerce
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Jose is from Philippines. He has 2 children. He needs a loan of $300 to buy more fish.

  • Top Goals To buy more fish
  • Children Helped 2

Jose's Story

Jose sells fish, using his motorcycle to pick up and deliver fish quickly around his town. He will use a loan from World Vision to buy more fish to sell, as his financial limitations currently keep him from improving his business.

More fish will allow Jose to market his fish to more customers, make a greater profit, and then reinvest money back into his business so that it continues to grow.

He will also use additional profit to support his family's daily needs. He has two children who are fifteen and nineteen. He needs more income to afford their education expenses so that they can build secure futures for themselves.

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Industry Info

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.

Jose'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.

Jose's Mid Term Update July 30, 2012

Thank you for supporting a small business loan for Jose Palomar to expand his food and grocery business where he sells fish.

After receiving the loan from World Vision, he invested the $300 to buy more fish.

Jose has been repaying his loan on time with his new profits. He makes weekly payments of $15.

In addition to repaying his loan, Jose is using additional income to pay school fees and purchase food for the family and expand the current business.

Jose's 2 children continue to study in school.

Thank you for supporting Jose and World Vision Micro!

Jose's Final Update October 08, 2012

Jose

Thank you for supporting the small loan for Jose Palomar to improve his fish retail business. He invested his loan of $300 to buy more fish.

Jose has now repaid his loan in full. In addition to repaying his loan, Jose has used his additional income to pay school fees, purchase food for the family and expand his current business.

Jose's 2 children continue to study in school.

The loan Jose received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Jose hopes to repair or expand their home and expand his current business.

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

Total Amount
$300

Amount raised

$300
$300
100%

Help Jose

11 Donors

  • Andrew
    May 05, 2012
    Contributed to 13 other loans
  • Cory
    May 08, 2012
    Contributed to 33 other loans
  • Melissa
    May 16, 2012
    Contributed to 4 other loans
  • Nancy
    May 18, 2012
    Contributed to 29 other loans
  • Jeffrey
    May 18, 2012
    Contributed to 42 other loans
  • Jean
    May 19, 2012
    Contributed to 24 other loans
  • Kathleen
    May 20, 2012
    Contributed to 87 other loans
  • Shawn
    May 21, 2012
    Contributed to 7 other loans
  • Kristopher
    May 21, 2012
    Contributed to 0 other loans
  • Greg
    May 21, 2012
    Contributed to 4 other loans
  • Glenn
    May 21, 2012
    Contributed to 9 other loans

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