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Wilma P

Wilma is from Philippines. She has 5 children. She needs a loan of $175 to buy additional merchandise for her convenience store.

Commerce
Community:
Omega
Country:
Philippines
other entrepreneurs here Philippines

Summary

Wilma is from Philippines. She has 5 children. She needs a loan of $175 to buy additional merchandise for her convenience store.

  • Top Goals To buy additional merchandise for her convenience store...
  • Children Helped 5

Wilma's Story

Wilma operates a Sari-sari store – a type of convenience store – in Hilongos, Leyte province, Philippines.

A loan from World Vision will help her buy more merchandise to sell in her store. She plans to add food and school supplies to her inventory.

Wilma is 42 years old and is married with five children: Maricar, 16; Marian, 14; Mariel, 12; Geron, 5; and Noah, 3.

She will use the increased income from her store to provide nutritious food for her family, pay for her children’s school fees, and build her savings.

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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.

Wilma'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.

Wilma's Mid Term Update May 31, 2012

Thank you for supporting a small business loan for Wilma Pusa to expand her Sari-Sari Store.

After receiving the loan from World Vision, she invested the $175 to buy additional merchandise for her convenience store.

Wilma has been repaying her loan on time with her new profits. She makes weekly payments of $8.

In addition to repaying her loan, Wilma is using additional income to pay school fees, purchase food for the family, and expand the current business. Wilma's 5 children continue to study in school.

Thank you for supporting Wilma and World Vision Micro!

Wilma's Final Update August 09, 2012

Wilma

Thank you for supporting the small business loan for Wilma Pusa to improve her food, retail, and grocery business. She invested her loan of $175 to buy additional merchandise for her convenience store.

Wilma has now repaid her loan in full. In addition to repaying her loan, Wilma has used her additional income to pay school fees, purchase food for the family, and expand the current business. Wilma's 5 children continue to study in school.

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

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

Total Amount
$175

Amount raised

$175
$175
100%

Help Wilma

1 Donors

  • Steven
    March 22, 2012
    Contributed to 12 other loans

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