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Rosemarie D

Rosemarie is from Philippines. She has 2 children. She needs a loan of $200 to purchase seeds and fertilizer.

Commerce
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Rosemarie is from Philippines. She has 2 children. She needs a loan of $200 to purchase seeds and fertilizer.

  • Top Goals To purchase seeds and fertilizer
  • Children Helped 2

Rosemarie's Story

Rosemarie helps to provide for her family by selling fruit. She also grows and sells vegetables to earn additional income. She wants to improve and expand her business to make it more profitable, but she lacks the capital to invest. A more prosperous business will allow her to improve living conditions for her family.

A loan from World Vision will allow Rosemarie to purchase high quality seeds and fertilizer, which will result in better, healthier produce to sell. With the additional income she will earn from this improvement, she will be able to afford the educational expenses of her two children: Millen Paul (11) and Jan Xyril (8). Rosemarie will be able to continue to reinvest in her business and provide her family’s daily necessities.

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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.

Rosemarie'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.

Rosemarie's Mid Term Update June 25, 2012

Thank you for supporting a small business loan for Rosemarie Dagsaan to expand her farming and food business where she sells fruit for a living. After receiving the loan from World Vision, she invested the $200 by buying seeds and fertilizer.

Rosemarie has been repaying her loan on time with her new profits. She makes weekly payments of $10. In addition to repaying her loan, Rosemarie is using additional income to pay school fees, purchase food for the family, and expand the current business. Rosemarie's 2 children continue to study in school.

Thank you for supporting Rosemarie and World Vision Micro!

Rosemarie's Final Update September 03, 2012

Rosemarie

Thank you for supporting the small loan for Rosemarie Dagsaan to improve her farming and food business. She invested her loan of $200 to purchase seeds and fertilizer.

Rosemarie has now repaid her loan in full. She used her additional income to pay school fees and purchase food and other daily necessities for her family.

Rosemarie's 2 children continue to study in school.

The profits she is earning create lasting improvements in her life. In the future Rosemarie hopes to continue sending her children to school, repair their home, and expand her fruit and vegetable business.

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

Total Amount
$200

Amount raised

$200
$200
100%

Help Rosemarie

1 Donors

  • Ellen
    April 16, 2012
    Contributed to 18 other loans

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