Lightbox_close_button

Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.

READ MORE…

This loan is fully funded. Search for similar loans.

Rosario P

Rosario is from Philippines. She has 3 children. She needs a loan of $100 to buy wood and tools to build furniture.

Production
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Rosario is from Philippines. She has 3 children. She needs a loan of $100 to buy wood and tools to build furniture.

  • Top Goals To buy wood and tools to build furniture
  • Children Helped 3

Rosario's Story

Rosario owns a furniture business in Matalom, in the Leyte province of the Philippines. She is 58 years old.

A loan from World Vision will help her buy hard wood to fulfill her customers’ orders, as well as sharpen the tools needed for her business.

The increased earnings from her business will help her better support her family, which includes children ages 18, 19, and 25. She will be able to add to the family’s savings and purchase nutritious food.

Download PDF

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.

Rosario'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.

Rosario's Mid Term Update June 09, 2012

Thank you for supporting a small business loan for Rosario Paler to expand her retail and manufacturing business where she sells furniture for a living. After receiving the loan from World Vision, she invested the $100 by buying wood and tools to build furniture.

Rosario has been repaying her loan on time with her new profits. She makes weekly payments of $5. In addition to repaying her loan, Rosario is using additional income to pay school fees and purchase food for the family and expand the current business. Rosario's 3 children continue to study in school.

Thank you for supporting Rosario and World Vision Micro!

Rosario's Final Update August 18, 2012

Rosario

Thank you for supporting the small business loan for Rosario Paler to improve her retail and manufacturing business. She invested her loan of $100 to buy wood and tools to build furniture.

Rosario has now repaid her loan in full. In addition to repaying her loan, Rosario has used her additional income to purchase food for the family and expand the current business. Rosario's 3 children continue to study in school.

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

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

Total Amount
$100

Amount raised

$100
$100
100%

Help Rosario

2 Donors

  • Shawn
    March 26, 2012
    Contributed to 24 other loans
  • Eric
    March 31, 2012
    Contributed to 16 other loans