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Motuma T

Motuma is from Ethiopia. He needs a loan of $250 to buy more fertilizer to increase the yield of his crops.

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

Summary

Motuma is from Ethiopia. He needs a loan of $250 to buy more fertilizer to increase the yield of his crops.

  • Top Goals To buy more fertilizer to increase the yield of his...
  • Number of Employees 1

Motuma's Story

For the last six years, Motuma has operated his small farming business in the Wonchi region in Ethiopia. He grows crops to sell to customers in his community. He runs his farm with the help of one employee.

Motuma has asked for a loan to expand his farming business. With the loan, he would like to buy fertilizer to increase the yield of his crops. The increased yield will help him to sell more crops to his customers which will increase his income. With the additional income, he will be able to provide healthcare to his family and buy food for them.

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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.

Motuma'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.

Motuma's Final Update March 06, 2014

Thank you for supporting the small loan for Motuma Taresa to improve his farming business. He invested his loan of $250 to buy fertilizer to increase the yield of his crops.

Motuma has now repaid his loan in full. In addition to repaying his loan, Motuma has used his additional income to provide healthcare, do home repairs and purchase food for his family.

The loan Motuma received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future, Motuma hopes to start a new business and repair or expand their home.

Thank you for your support of Motuma and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Motuma

1 Donors

  • Jason
    March 06, 2013
    Contributed to 19 other loans

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