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Jun 11, 2016 5:43 EST

Philippines: A loan of $1,725 helps Isabel to buy fishing equipment like nets, floaters, ropes, fish boxes and other equipment to sell to her customers.

iCrowdNewswire - Jun 11, 2016

Isabel

 

 

Tanza, Cavite, Philippines / Retail

 

 

Borrower image

 

 

Isabel’s story

Isabel is 31 years old, and married with 6 children aged 12, 9, 7, 6, 3 and 4 months old. Isabel came from a province seeking opportunity because their life is very poor. She put up a small sari-sari store (small grocery store) beside her humble abode. Isabel also sells clothes, fish, and other saleable items through consignment, roaming her neighborhood to gain an income and provide for her children and family.

Isabel has been SEED partner for 10 years and has seen how her hard work and determination pays off. From her diligent savings Isabel bought a customized tricycle which her husband used for business. Together with her series of loans Isabel has now a stall of clothes in another place, 2 big boats with 14 fishermen employees and was able to renovate her home.

Isabel also helps her family in the province by putting up a sari-sari store for them to have a livelihood and 2 of her 6 children are not her children but raised as her own.

Isabel wanted to expand her business to buy equipment for fishing because no one in the community sells it and fishermen need to travel far to buy equipment to fish.

Isabel is requesting a loan amounting to PHP 80,000 to buy fishing equipment like nets, floaters, ropes, fish boxes and other equipment to sell to her customers.

Isabel wants to expand her business to increase her income to provide her children and family a better future while helping her community through employment.

 

 

 

 

This loan is special because:

It helps social businesses that contribute to their communities’ growth.
 

 

Meg
Kiva staff

 

 

More about this loan

This loan is part of SEED’s efforts to support social enterprises that benefit a larger community. These loans go to entrepreneurs whose businesses are addressing the triple bottom lines in terms of economic viability, promotion of social equity and ecological soundness. Specifically, these businesses should contribute to employment generation to other marginalized individuals, mostly utilize local resources to improve the local economies and promote sound waste management practices. By supporting this loan you backing businesses with a social mission.

About SEED Center Philippines Inc.:

SEED, founded in 2004, is a microfinance organization in the Philippines that operates in the metro Manila area.

In addition to loans, SEED provides saving services, business development classes and skills trainings. About 90% of SEED’s active borrowers are underprivileged poor living in depressed, urban areas.

 

A loan of $1,725 helps Isabel to buy fishing equipment like nets, floaters, ropes, fish boxes and other equipment to sell to her customers.

 

 

Contact Information:

Isabel

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