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Rosendo L

Rosendo is from Philippines. He has 5 children. He needs a loan of $125 to purchase additional vegetables and supplies for his business.

Agriculture/Animals
Community:
Mountain View
Country:
Philippines
other entrepreneurs here Philippines

Summary

Rosendo is from Philippines. He has 5 children. He needs a loan of $125 to purchase additional vegetables and supplies for his business.

  • Top Goals To purchase additional vegetables and supplies for...
  • Children Helped 5

Rosendo's Story

Rosendo Liman lives in the flourishing town of Bais, Negros Oriental. He is a food vendor and farmer, as well as engaged in buying and selling vegetables. He would like to improve his business to increase his income. He has four dependents; Crystal, age 19, Chex, age 16, Cindy, age 15 and Ronel, age 11.

With a loan from World Vision, Rosendo plans to expand his business. He can purchase additional ingredients for his home-cooked meals which he then sells. With the additional income, he will have capital for his vegetable business. With these improvements, he will be able to meet his family's daily needs, as well as pay for school fees and reinvest in his business.

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Industry Info

The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.

Rosendo's Community

The community of Mountain View is located in a boot-shaped province on Negros Island in the Philippines. Home to Mt. Kanlaon, an active volcano, the area is rich with natural resources. With convenient access to a variety of markets, the community is emerging as a promising frontier for investors.

Economic activities revolve around agriculture, fishery, and forestry. Environmental degradation is a pressing concern. The region has been identified as one of the lowest income-earning areas in the country. Families struggle to acquire proper nutrients, and some do not have access to clean water. Malnutrition and disease are constant concerns. Families are hindered by poor road conditions, and many children drop out of school.

In Mountain View, World Vision has provided community members with key employment skills, including training in food processing and assistance in livestock rearing. We have also provided medical and housing assistance, supplemental food for malnourished children, fees and materials for children to attend school, and educational support for child laborers.

Rosendo's Mid Term Update July 14, 2012

Thank you for supporting a small business loan for Rosendo Liman to expand his farming, food, retail, and grocery business where he sells vegetables. After receiving the loan from World Vision, he invested the $125 to purchase additional vegetables and supplies for his business.

Rosendo has been repaying his loan on time with his new profits. He makes weekly payments of $6. In addition to repaying his loan, Rosendo is using additional income to pay school fees and purchase food for the family. Rosendo's 5 children continue to study in school.

Thank you for supporting Rosendo and World Vision Micro!

Rosendo's Final Update September 22, 2012

Rosendo

Thank you for supporting the small loan for Rosendo Liman to improve his farming and grocery business. He invested his loan of $125 to purchase additional vegetables and supplies.

Rosendo has now repaid his loan in full. In addition to repaying his loan, Rosendo has used his additional income to pay school fees, purchase food for the family and expand his current business.

Rosendo's 5 children continue to study in school.

The loan Rosendo received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Rosendo hopes to send children to school, repair or expand their home and expand his current business.

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

Total Amount
$125

Amount raised

$125
$125
100%

Help Rosendo

1 Donors

  • Greg
    May 05, 2012
    Contributed to 2 other loans

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