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Joan is from Kenya. She has 5 children. She needs a loan of $350 to purchase corn seeds, vegetables and animal feed.
For the last 5 years Joan has operated her small business in the Matete region in Kenya. She grows corn and vegetables and produces dairy products to sell to customers in her community. She also has 1 employee to help her run her farm.
Joan has asked for a loan from World Vision to expand her business. She would like to purchase corn seeds, vegetables and animal feed to support her family.
Joan is 28 years old and the mother of 5 children, of whom 4 are currently studying in school. She also cares for 2 additional dependents in her home.
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.
World Vision initiated a partnership with the 59,000 residents of the Matete community in October 2007, beginning with a thorough assessment and project design phase. People from the region identified their greatest needs to be food security, education, HIV and AIDS response, and health and sanitation. Today, they have access to microfinance loans.
Many entrepreneurs in the developing world are unable to access loans from traditional banks because they lack collateral or credit history. World Vision’s economic development activities help families by providing loans and financial services that allow the enterprising poor to access capital, markets, training, and new technology. As a result, parents are better able to build their business and provide for their children.
Joan Temoi does not have any updates yet.