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Bekelech A

Bekelech is from Ethiopia. She needs a loan of $175 to buy an ox.

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

Summary

Bekelech is from Ethiopia. She needs a loan of $175 to buy an ox.

  • Top Goals To buy an ox
  • Number of Employees 2

Bekelech's Story

Bekelech is from Sonkole Qake, Ethiopia and has a agricultural business. Although she wants to strengthen her business, she cannot currently do so due to shortage of money.

With a loan through World Vision, Bekelech will be able to buy an ox to help with the ploughing. Having an ox will make it easier to farm and allow her to the time to plant and harvest a higher yield. She will also be able to employ two other individuals in her community. Additional income will allow her to reinvest in her business, increase her standard of living, and save for her future.

In the future, Bekelech wants to expand her business and venture into the cattle fattening business.

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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.

Bekelech'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.

Bekelech's Mid Term Update July 10, 2012

Thank you for supporting a small business loan for Bekelech Asefa to expand her farming business. After receiving the loan from World Vision, she invested the $175 to buy an ox to help cultivate and maintain her farmland.

Bekelech has been repaying her loan on time with her new profits. She makes weekly payments of $3.

In addition to repaying her loan, Bekelech is using additional income to purchase food for the animals, purchase food for her family and expand her current business.

Bekelech's four children continue to study in school.

Thank you for supporting Bekelech and World Vision Micro!

Bekelech's Final Update December 25, 2012

Bekelech

Thank you for supporting the small loan for Bekelech Asefa to improve her farming business. She invested her loan of $175 to buy an ox to help cultivate and maintain her farmland.

Bekelech has now repaid her loan in full. In addition to repaying her loan, Bekelech has used her additional income to purchase food for the animals, purchase food for her family and expand her current business.

Bekelech's four children continue to study in school.

The loan Bekelech received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Bekelech hopes to continue to send her children to school, expand her current business and purchase livestock.

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

Total Amount
$175

Amount raised

$175
$175
100%

Help Bekelech

2 Donors

  • Carmen
    January 24, 2012
    Contributed to 10 other loans
  • Karen
    January 24, 2012
    Contributed to 5 other loans

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