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Jessica B

Jessica is from Philippines. She has 2 children. She needs a loan of $225 to restock and expand her store.

Commerce
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Jessica is from Philippines. She has 2 children. She needs a loan of $225 to restock and expand her store.

  • Top Goals To restock and expand her store
  • Children Helped 2

Jessica's Story

Jessica owns a grocery store which she operates from her home in Bato, Leyte. She has two children: Jumel-5 and Jessamae-3. Through her income, she provides for her family's basic needs and pays for her children's education.

Jessica would like to restock and expand her store. She is requesting a loan from World Vision to help her do this. She hopes to grow her business from a small store with very few products to a bigger one with more products available. She wants to buy the fastest selling items, like instant food and canned goods, in bulk. Besides achieving this economy of scale, Jessica desires a larger store so that she can more securely meet her family's needs. She also plans to save up income to use to renovate her house and to reinvest into her business.

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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.

Jessica'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.

Jessica's Mid Term Update May 22, 2012

Thank you for supporting a small business loan for Jessica Bautista to expand her Sari-sari store.

After receiving the loan from World Vision, she invested the $225 to restock and expand her store.

Jessica has been repaying her loan on time with her new profits. She makes weekly payments of $11.

In addition to repaying her loan, Jessica is using additional income to pay school fees, purchase food for the family, and buy supplies in bulk. Jessica's 2 children continue to study in school.

Thank you for supporting Jessica and World Vision Micro!

Jessica's Final Update July 31, 2012

Jessica

Thank you for supporting the small business loan for JessicaBautista to improve her food and retail business. She invested her loan of $225 to restock and expand her store.

Jessica has now repaid her loan in full. In addition to repaying her loan, Jessica has used her additional income to pay school fees, purchase food for the family, and expand the current business. Jessica's 2 children continue to study in school.

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

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

Total Amount
$225

Amount raised

$225
$225
100%

Help Jessica

5 Donors

  • Jim
    March 11, 2012
    Contributed to 0 other loans
  • Shalini
    March 11, 2012
    Contributed to 1 other loans
  • Virginia
    March 12, 2012
    Contributed to 8 other loans
  • Richard
    March 13, 2012
    Contributed to 3 other loans
  • Don
    March 13, 2012
    Contributed to 25 other loans

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