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Kibu is from Ethiopia. She needs a loan of $150 to buy an ox for farming.
Kibu is from Ethiopia. She needs a loan of $150 to buy an ox for farming.
Kibu, a mother of six children, works as a farmer to help support her family. Nearly all of her children depend on her and her husband's income for their care and provision. Farming is their major means of living, but the household needs one more ox to be able to plow their farmland. "We cannot save for meeting such needs as we have right now. We do not have a pair of oxen to plow our farmland; so we need the loan badly," she said.
With a loan from World Vision Kibu will be able to buy an additional ox to pair with the one she already owns. With a pair of oxen she will be able to cultivate her land in time for the harvest. "Our farmland will never remain barren, uncultivated, and without much yield," she said. The additional profits will be a source of hope for Kibu, allowing her to better provide for the basic needs of her family.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Kibu Abebe to expand her farming business. After receiving the loan from World Vision, she invested the $150 to buy an ox.
Kibu has been repaying her loan on time with her new profits. She makes weekly payments of $3.
In addition to repaying her loan, Kibu is using her additional income to purchase food and healthcare for her family, as well as buy fertilizer.
Kibu's six children are going to school.
Thank you for supporting Kibu and World Vision Micro!
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