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Mararte U

Mararte is from Ethiopia. She has 8 children. She needs a loan of $150 to buy fertilizer .

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

Summary

Mararte is from Ethiopia. She has 8 children. She needs a loan of $150 to buy fertilizer .

  • Top Goals To buy fertilizer
  • Children Helped 8

Mararte's Story

Mararte, the mother of eight, is a strong farmer who is happy in agriculuture. There is local demand for her grains. “I want to keep on doing my business because I can get more income from it," she said. Mararte, however, faces financial constraints to effectively run her farm. She needs to increase her crop output.

A World Vision microloan will allow Mararte to purchase fertilizer for an optimal crop yield this growing season. She has a growing number of customers for her products and wants to supply the community with various types of grains. In the future, she dreams of having her own grain store in her community to further expand her customer base.

With the increased income she gets from higher crop yields, she can lead her own life and better provide for her large family. By strengthening her farm, she can send her children to school; she can provide her family a healthier diet.

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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.

Mararte'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.

Mararte's Mid Term Update December 02, 2012

Thank you for partnering with World Vision Micro to provide Mararte Urga with a small loan for her farming business. Mararte used her loan of $150 to buy fertilizer for her farm. She continues to make weekly payments of $2 on time.

With the profits she has earned from her growing business, Mararte is able to provide her family with healthcare, do home repairs and purchase food for her family.

Mararte's eight children continue to study in school. Thanks to Mararte's hard work, she will be able to provide a brighter future for her children.

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

Mararte's Final Update June 02, 2013

Mararte

Mararte Urga has successfully repaid her small business loan. She invested the $150 for her farming business.

Thanks to the loan that she received, Mararte was able to use the profits from her business to provide healthcare, purchase food for her family, and expand her current business. In the future, Mararte aspires to earn enough to start a new business, purchase livestock, and to repair or expand their home.

Mararte's eight children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.

Thank you for investing in the power of hardworking people like Mararte through World Vision! These funds are now available to help other entrepreneurs in Mararte's community.

Total Amount
$150

Amount raised

$150
$150
100%

Help Mararte

1 Donors

  • Kevin
    June 03, 2012
    Contributed to 98 other loans

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