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Alejandra is from Philippines. She needs a loan of $275 to improve her sari-sari store.
Alejandra is from Philippines. She needs a loan of $275 to improve her sari-sari store.
Alejandra Luzon owns a Sari-sari store in Hilongos, Leyte Philippines. She is a good neighbor and allows her customers to purchase items on credit if they are not immediately able to pay.
Alejandra would like to improve her store to make it more attractive to customers. By bringing in more customers, she will increase her income, which she will use to provide for her family's needs. She will put any additional funds towards making necessary improvements to her house and will save up money to buy her own land.
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 Alejandra Luzon to expand her Sari-sari store.
After receiving the loan from World Vision, she invested the $275 to improve her Sari-sari store.
Alejandra has been repaying her loan on time with her new profits. She makes weekly payments of $13.
In addition to repaying her loan, Alejandra is using additional income to purchase food for the family, buy supplies in bulk, and expand the current business. Alejandra's 2 children continue to study in school.
Thank you for supporting Alejandra and World Vision Micro!
Thank you for supporting the small business loan for Alejandra Luzon to improve her retail and services business. She invested her loan of $275 to improve her Sari-sari store.
Alejandra has now repaid her loan in full. In addition to repaying her loan, Alejandra has used her additional income to purchase food for the family and expand the current business. Alejandra's 2 children continue to study in school.
The loan Alejandra received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Alejandra hopes to repair or expand their home and expand the current business.
Thank you for your support of Alejandra and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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