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Narciso A

Narciso is from Philippines. He has 2 children. He needs a loan of $475 to purchase wooden pegs, straw and gasoline .

Production
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Narciso is from Philippines. He has 2 children. He needs a loan of $475 to purchase wooden pegs, straw and gasoline .

  • Top Goals To purchase wooden pegs, straw and gasoline
  • Children Helped 2

Narciso's Story

Narciso is 57 and farms seaweed in Dawahon, Bato Leyte for an income. Even though Narciso's two children are grown, he still works hard to pay for the education of his grandson.

He is requesting a World Vision microloan to buy wooden pegs, straw and gasoline for his boat. He needs these items to help him plant, harvest and transport his seaweed.

Any income, after paying his loan, will be used for his family's daily consumption, his grandson's education and reinvestment in his seaweed farm. Narciso hopes his profits will also allow him to save for a comfortable life when he is older, so that he is not a "burden" on his children.

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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.

Narciso'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.

Narciso's Mid Term Update August 21, 2012

Thank you for supporting a small business loan for Narciso Adlawan to expand his seaweed farming business.

After receiving the loan from World Vision, he invested the $475 to purchase wooden pegs, straw and gasoline.

Narciso has been repaying his loan on time with his new profits. He makes weekly payments of $23.

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

Narciso's 2 children continue to study in school.

Thank you for supporting Narciso and World Vision Micro!

Narciso's Final Update October 30, 2012

Narciso

Thank you for supporting the small loan for Narciso Adlawan to improve his seaweed farming business. He invested his loan of $475 to purchase wooden pegs, straw and gasoline.

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

Narciso's 2 children continue to study in school.

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

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

Total Amount
$475

Amount raised

$475
$475
100%

Help Narciso

7 Donors

  • Tim And Lauri
    June 04, 2012
    Contributed to 7 other loans
  • Kendal
    June 08, 2012
    Contributed to 61 other loans
  • Donna
    June 09, 2012
    Contributed to 0 other loans
  • Joshua
    June 11, 2012
    Contributed to 1 other loans
  • Jean
    June 12, 2012
    Contributed to 27 other loans
  • Samina
    June 12, 2012
    Contributed to 19 other loans
  • Erin
    June 12, 2012
    Contributed to 0 other loans

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