Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Almaz is from Ethiopia. She needs a loan of $175 to expand her business.
Almaz, a mother of one, is a strong woman who owns a small bakery where she bakes and sells bread for a living to support her family. She believes that if she continues in this business, she can be successful in generating more income. However, due to financial constrants, she is unable to strengthen her business and run it effectively in the way she desires.
A loan from World Vision will enable Almaz to expand her business. As her business grows, she will be able to generate more income, allowing her to improve her family's living conditions. “I can provide my family with a healthy diet. I can send them to school. I can cover the expenses for their clothing,” she said. Additionally, the locals in her area will also benefit. “As my business grows, I also hope to help one person by creating job opportunity in my community,” she said.
In the future, Almaz hopes to open up a small cafeteria in her area as well.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.
There is no community update available at this time.
Thank you for partnering with World Vision Micro to provide Almaz Yimer with a small loan for her bakery business. Almaz used her loan of $175 to buy more baking ingredients for her business. She continues to make weekly payments of $3 on time.
With the profits she has earned from her growing business, Almaz is able to pay for transportation, provide healthcare for her family and start a new business.
Almaz's child continues to study in school. Thanks to Almaz’s hard work, she will be able to provide a brighter future for her child.
Thank you for supporting Almaz's small business through World Vision Micro!