Microloan Helps Buy Fishing Boat $425 Microloan Helps Purchase Fishing Boat

Dr. Joe Johnson  funds a microloan to Rodolfo, an entrepreneur in the Philippines.

Here is Rodolfo’s Story

Rodolfo is from the seaside community of Plaridel Philippines, and has been operating a fish vending business for a long time. As a husband and father to three children, he has managed to support his family through his fish vending business through a modest income of 15,000 Philippine Pesos. He decided to investigate how a microloan helps businesses.
Recently, he was looking to expand his business, and thus, requested a 20,000 Philippine Pesos loan from PMPC, an organization which he has been a part of for the last five years. The loan helps him buy a fishing boat, which he could then use to aid his fish vending business. Therefore, his income increases and makes it easier for him to support his family.

Microloan Partners

His loan was administered by the Paglaum Multi-Purpose Cooperative, an organization that was created to help the people in the lower income areas of the northwest of the country to achieve sustainability by addressing some of the economic and livelihood issues that they face. Founded in 1992, the organization strives to empower the community using a holistic approach, and build a self-reliant community that can expand its opportunities.
Kiva and Welfont Joe Johnson share the same vision as PMPC, which is to provide microfinance services to people who would not be able to access capital in any other way. Kiva help to bring people together, while PMPC identify needy people on the ground that individuals like Dr. Johnson can provide with loans. These loans are helping to transform the lives of thousands of people across the globe, helping them to get out of the cycle of poverty that surrounds them.
The $425 loan that Rodolfo benefitted from was fully funded by Welfont Joe Johnson. That loan has enabled Rodolfo to buy the boat that he needed for his business, and he can now look forward to a higher income that will help to support himself and his family better.

If you would like to transform someone’s life in the same way, visit Kiva.org and take a look at the thousands of loans that have to be funded. By funding a microloan, you are helping someone take the first step in transforming not only their lives, but the lives of others in their community.

Comments

Post a Comment

Popular posts from this blog

$225 microloan for Adelfa buys more stock of rice to sell.

Image
Dr. Joe Johnson ( Welfont Joe Johnson )  funded a loan to Adelfa, a rice seller in the Philippines. As a married mother of four children, Adelfa works hard to support her family. She has a rice retail business in the Philippines. To help her improve her business, Dr. Joe Johnson funds a microloan for Adelfa. Adelfa is borrowing 10,000 PHP through  Negros Women for Tomorrow Foundation, Inc.  (NWTF) to buy more stock of rice to sell. Adelfa has been sustaining her business activities through her previous loan from  NWTF . She hopes that her hard work will help her attain her dream: to save money to expand her business. With this loan, Adelfa will be able to buy enough rice to keep her inventory high enough to prevent a dry period. This can help to prevent her from losing customers, and it can help her meet the demand for her business. Rice is a very popular food in the Philippines, so there is a strong market. Having a fully stocked rice inventory can help Adelfa’s rice reta
Read more

WELFONT JOE JOHNSON

Industry Experience Dr. Joe Johnson is an entrepreneur, investor, and start-up expert. He has worked and studied the field of entrepreneurship and organizational leadership for over 25 years. Over these years, Dr. Johnson ( Welfont Joe Johnson ) has launched and funded over a dozen start-ups, mainly in small and high-growth companies. Additionally, he has over a dozen years of commercial real estate investing experience buying over 10 million sq. ft. of property spread out over dozens of states. He is the founder and principal of GoodField Investments, which is his main investment company. Johnson uses the company to fund new startups and his own personal investments in real estate or other unorthodox ventures. He is the Founder of Welfont, a startup that is one of the nation’s fastest growing real estate organizations ( www.Welfont.com ). His biggest professional passion is GoodField Foundation, which is a Ministry Investments group funded by Dr. Johnson and dedicated to fun
Read more

A Loan Of $600 Helped To Pay Agricultural Needs

Image
Entrepreneur  Dr. Joe Johnson ( Welfont Joe Johnson ) helped fund a microloan for Santos Isabel, an entrepreneur from Peru. Here is Santos Isabel’s Story In the district of Pomahuaca in Jaen, Cajamarca Province, Peru, you will find Santos Isabel. He is 41 years old and currently in a common law marriage where he has children with his partner. He is a hard worker, and over time he has received a large number of personal and work references from the inhabitants in his area. For the most part, he is making a living in agriculture and farming cattle. He has been doing this for 12 years and is now looking for a loan to make improvements to his farm. To keep his farm going, Santos Isabel approached Edpyme Alternativa for a loan. The money that he receives would be used for agricultural tasks, the application and incorporation of phytosanitary products, fertilizers and the labor costs of his harvest. His loan was locally administered by Edpyme Alternativa, a non-governmental org
Read more