Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Jennifer is from Philippines. She needs a loan of $350 to purchase additional merchandise for her store.
Jennifer runs a Sari-sari store, a small, local convenience store found in Filipino communities. She started her business in the 2000. The income she makes from her store covers her basic needs, such as ensuring she has enough food daily, as well as allows her to save for the future.
With a loan from World Vision, Jennifer will be able to purchase additional merchandise for her store in order to restock her shelves. She plans to add to the variety of items she sells so that customers will be have more products available for purchase in one place. She hopes that this will make her store more attractive to customers and lead to a greater client base. This simple concept will help Jennifer expand her business and earn more income with which she can continue the cycle.
With the additional income she will bring in from her expanded business, Jennifer plans to improve her family's daily consumption. She also plans to continue setting aside a portion of her income for her savings in order to give her a cushion should any dire needs arise.
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 Children’s Helper is located in the province of Cavite in the Philippine islands, to the southwest of Manila. Like most of the Philippines, the region experiences dry weather from December through June and a rainy season from July through November. Floods and typhoons are common threats.
Fishing is a major source of income, with catches including milkfish, crabs, tilapia, mussels, and oysters. Other income-generating activities include agriculture, livestock production, and industrial jobs. Often, families do not earn enough to meet basic needs and children drop out of school to find work. Many children are underweight. The community has access to a shallow well and several pumping stations that provide them with water for household needs.
In Children’s Helper, World Vision is assisting families with income generation through loans and retail projects such as making and selling soap. We are also providing medical checkups and healthcare for children.
Thank you for supporting a small business loan for Jennifer Padernos to expand her clothing, food and retail business. After receiving the loan from World Vision, she invested the $350 to purchase additional merchandise for her store. Jennifer has been repaying her loan on time with her new profits. She makes weekly payments of $17.
In addition to repaying her loan, Jennifer is using additional income to purchase food for the family, buy supplies in bulk and expand the current business.
Thank you for supporting Jennifer and World Vision Micro!
Thank you for supporting the small loan for Jennifer Padernos to improve her clothing, food and retail business. She invested her loan of $350 to purchase additional merchandise for her store.
Jennifer has now repaid her loan in full. In addition to repaying her loan, Jennifer has used her additional income to purchase food for the family and expand the current business.
The loan Jennifer received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Jennifer hopes to improve their home and expand the current business.
Thank you for your support of Jennifer and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.