Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Marilyn is from Philippines. She needs a loan of $150 to purchase more toys and gifts to sell.
Marilyn Buscagan has a business selling toys and gift items in Leyte, Philippines. She started this business in 1999 and she would like to improve it by increasing her inventory. Marilyn's loan from World Vision will provide her the additional capital she needs to buy more affordable and colorful toys. With the increased business profits she earns, Marilyn will be able to provide for her family's daily needs, save for the future, and reinvest in her business.
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 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.
Thank you for supporting a small business loan for Marilyn Buscagan to expand her toy store.
After receiving the loan from World Vision, she invested the $150 to purchase more toys and gifts to sell.
Marilyn has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Marilyn is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Marilyn and World Vision Micro!
Thank you for supporting the small business loan for Marilyn Buscagan to improve her retail and services business. She invested her loan of $150 to purchase more toys and gifts to sell.
Marilyn has now repaid her loan in full. In addition to repaying her loan, Marilyn has used her additional income to purchase food for the family and expand the current business.
The loan Marilyn received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Marilyn hopes to repair or expand their home and expand the current business.
Thank you for your support of Marilyn and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.