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George B

George is from Philippines. He has 1 child. He needs a loan of $200 to cover maintenance costs for his vehicle.

Services
Community:
Children's Helper
Country:
Philippines
other entrepreneurs here Philippines

Summary

George is from Philippines. He has 1 child. He needs a loan of $200 to cover maintenance costs for his vehicle.

  • Top Goals To cover maintenance costs for his vehicle
  • Children Helped 1

George's Story

George has been running his motorized tricycle transport business since 2010 in order to provide a living for his family. Because he has used it so often over the past years, George's vehicle now needs some maintenance in order to keep it running smoothly.

With a loan from World Vision, George will be able to pay for the maintenance he needs to done on his motorized tricycle. This will ensure that his vehicle will not break down while he is transporting someone, and gives him the chance to further exemplify his business's reliability. As such, he will be able to draw in more customers and increase his income.

George dreams of improving his business so that his six year old daughter will have a brighter future. With the additional income he will earn from new transport clients, George will be able to support his family's daily consumption and cover his daughter's educational expenses. He would also like to start setting some money aside in a savings account in order to be prepared should an emergency arise.

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Industry Info

In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.

George's Community

The community of Children’s Helper is located in the province of Cavite in the Philippine islands, to the southwest of Manila. Like most of the Philippines, the region experiences dry weather from December through June and a rainy season from July through November. Floods and typhoons are common threats.

Fishing is a major source of income, with catches including milkfish, crabs, tilapia, mussels, and oysters. Other income-generating activities include agriculture, livestock production, and industrial jobs. Often, families do not earn enough to meet basic needs and children drop out of school to find work. Many children are underweight. The community has access to a shallow well and several pumping stations that provide them with water for household needs.

In Children’s Helper, World Vision is assisting families with income generation through loans and retail projects such as making and selling soap. We are also providing medical checkups and healthcare for children.

George's Mid Term Update August 17, 2012

Thank you for supporting a small business loan for George Belostrino to expand his tricycle transport business. After receiving the loan from World Vision, he invested the $200 to cover maintenance costs for his tricycle.

George has been repaying his loan on time with his new profits. He makes weekly payments of $10.

In addition to repaying his loan, George is using the additional income to pay school fees, purchase food for the family and expand the current business. George's child continues to study in school.

Thank you for supporting George and World Vision Micro!

George's Final Update October 26, 2012

George

Thank you for supporting the small loan for George Belostrino to improve his motorized tricycle transport business. He invested his loan of $200 to cover maintenance costs for his vehicle.

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

George's child continues to study in school.

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

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

Total Amount
$200

Amount raised

$200
$200
100%

Help George

1 Donors

  • Carli
    June 08, 2012
    Contributed to 0 other loans

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