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Kumala is from Ethiopia. He needs a loan of $150 to buy more cows and bulls for fattening.
Kumala, a father of one, was brought up in a rural area and has rich experience in cattle raising. He is hardworking and ambitious to improve his life. “I have to work hard and get more income. I am happy with my business. By generating some more income, I need to send my children to school by covering all expenses,” he said.
Kumala would like to expand his business but he cannot afford to do so. He needs financial support to run his business effectively in the way he desires. A World Vision loan will enable Kumala to buy more cows and bulls for fattening. By growing his business he will be able to increase his customer base and income and provide his family with the things they need. In the future, he would like to grow vegetables as well in order to generate more income.
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.
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.
Kumala Bayera does not have any updates yet.