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Rosalinda is from Philippines. She needs a loan of $350 to purchase merchandise.
Rosalinda is from Philippines. She needs a loan of $350 to purchase merchandise.
Rosalinda resides in Inopacan in the Leyte Province of the Philippines, where she operates a sari-sari store (a small convenience store). Her shelves are almost empty and Rosalinda is struggling to provide basic needs for her family.
With a loan from World Vision, Rosalinda will purchase more canned goods, noodles, sugar, coffee and other snack foods. By restocking her store the profits will increase which will enable Rosalinda to provide food and other needs for her five children. She hopes to save part of the additional income and also 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 Rosalinda Dedal to expand her Sari-sari store.
After receiving the loan from World Vision, she invested the $350 to purchase merchandise.
Rosalinda has been repaying her loan on time with her new profits. She makes weekly payments of $17.
In addition to repaying her loan, Rosalinda is using additional income to purchase food for the family and expand the current business. Rosalinda's 5 children continue to study in school.
Thank you for supporting Rosalinda and World Vision Micro!
Thank you for supporting the small business loan for Rosalinda Dedal to improve her food, retail, and grocery business. She invested her loan of $350 to purchase merchandise.
Rosalinda has now repaid her loan in full. In addition to repaying her loan, Rosalinda has used her additional income to purchase food for the family, buy supplies in bulk, and expand the current business. Rosalinda's 5 children continue to study in school.
The loan Rosalinda received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Rosalinda hopes to repair or expand their home and expand the current business.
Thank you for your support of Rosalinda and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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