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Tolera B

Tolera is from Ethiopia. He has 2 children. He needs a loan of $150 to buy a pair of oxen.

Agriculture/Animals
Community:
Wonchi
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Tolera is from Ethiopia. He has 2 children. He needs a loan of $150 to buy a pair of oxen.

  • Top Goals To buy a pair of oxen
  • Children Helped 2

Tolera's Story

A father of two children, Tolera works hard as a farmer to support his family. Tolera would like to become self-sufficient and to cultivate his land efficiently but he needs a pair of oxen, which he cannot afford. "I would like to independently farm my plot of land; yet, the reality I am in at this moment does not allow me to do that. I have to ask for help from friends and people in the neighborhood for oxen for a day of farming. At times, I am forced to rent a pair of oxen from others."

With a loan from World Vision Tolera will be able to purchase a pair of oxen to plow his small farmland and maximize his harvest. With the profits he earns he will be able to better provide for the needs of his family. Also he would not have to rely on the help of others and will be able to realize his dream of being a self-reliant farmer. He can freely plow his farmland on his own without needing to ask for help from his neighbors and friends.

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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.

Tolera's Community

Th e Wonchi ADP, which started in 2001, is 76 miles west of the Ethiopian capital of Addis Ababa. Encompassing 183 square miles, Wonchi is home to almost 120,000 people. Currently, 5,000 children are registered in the sponsorship program.

The goal of World Vision in Wonchi is to improve the livelihood security of 36,000 children and families in the area. Almost all of the people—99 percent—are subsistence farmers, depending on crops and livestock as their means of food and income. Deforestation and soil erosion are among the major problems that impact their ability to increase crop production and feed their families.

The highest priority in the Wonchi ADP is to increase crop and livestock productivity so that farmers can feed their families and generate income. With additional income, they are able to pay for healthcare and education for their children, greatly improving their quality of life.

Providing access to credit and saving services has helped to increase household income. Credit has enabled community members to own assets like farm oxen, sheep, and homes. It has also provided opportunities for job skills training.

Tolera's Mid Term Update October 25, 2012

Thank you for partnering with World Vision Micro to provide Tolera Bekele with a small loan for his farming and livestock business. Tolera used his loan of $150 to buy a pair of oxen to plow his farmland. He continues to make weekly payments of $3 on time.

With the profits he has earned from his growing business, Tolera is able to provide his family with healthcare, do home repairs and start a new business.

Tolera's two children continue to study in school. Thanks to Tolera's hard work, he will be able to provide a brighter future for his children.

Thank you for supporting Tolera's small business through World Vision Micro!

Tolera's Final Update April 11, 2013

Tolera

Thank you for supporting the small loan for Tolera Bekele to improve his farming and livestock business. He invested his loan of $150 to buy a pair of oxen to plow his farmland.

Tolera has now repaid his loan in full. In addition to repaying his loan, Tolera has used his additional income to provide his family with healthcare, purchase fertilizer and expand his current business.

Tolera's two children continue to study in school.

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

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

Total Amount
$150

Amount raised

$150
$150
100%

Help Tolera

1 Donors

  • Elim
    May 10, 2012
    Contributed to 0 other loans

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