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Mesfin is from Ethiopia. He needs a loan of $175 to buy cattle for fattening.
Mesfin is from Ethiopia. He needs a loan of $175 to buy cattle for fattening.
Mesfin is a hardworking farmer from Elani, Ethiopia. He has a business raising cattle for fattening, but he currently lacks the capital needed to purchase more cattle.
With a loan through World Vision, Mesfin will be able to purchase cattle. He will then be able to raise and fatten the cattle which he will then be able to sell for a profit. Additional income created will allow Mesfin to reinvest in his business and better provide for his family. Mesfin is striving to improve his life. “I have to work hard and get more income. I am happy with my business. By generating additional income, I want to send my children to school, covering all expenses,” he said.
In the future, Mesfin would like to supply the community with milk and milk products. He would also like to create jobs for others in his community.
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.
Angolola is located about 68 miles northeast of Addis Ababa, Ethiopia’s capital city. It is comprised of 19 villages. The area is home to 93,178 people, of whom approximately 3,300 are children who are orphaned or otherwise vulnerable.
Major problems identifi ed in the region are related to severe poverty and a high HIV prevalence rate. To care for the unprecedented, growing number of orphans, vulnerable children, and people living with AIDS in their community, Angolola citizens need assistance. There are simply too many struggling
children and people living with AIDS in Angolola for the community to manage. They suffer from malnutrition, lack of emotional support, and limited access to food, clothes, and shelter. The children also are at risk of falling prey to abuse, exploitation, and HIV infection.
Thank you for empowering Mesfin Mandefiro with the opportunity to expand his agriculture business. With the $175 loan Mesfin was able to buy cattle for raising.
Mesfin is on his way to repaying his small business loan, as he makes weekly payments of $3. Thanks to the profits he has earned, Mesfin can afford to purchase food for his family, provide healthcare and start a new business.
Thank you for supporting hardworking entrepreneurs like Mesfin and World Vision Micro!
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