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Bekelu is from Ethiopia. She has 7 children. She needs a loan of $150 to buy sheep.
Bekelu is happy to support her large family with her farm. She feels that she is now in a good position to successfully run this business while starting a new one. However, due to financial constraints, she is unable to start her new entrepreneurial venture on her own. “If I get a loan, I can start another business. I can buy cattle and sheep for fattening. I can easily make a profit,” she said.
With a loan from World Vision, Bekelu will be able to invest in sheep in order to start raising them for the Christmas season when sales are highest. She is optimistic about her business, especially the way in which she will be able to maximize her income. “When my business grows, I will have more customers so that people can buy the products I supply to them,” she said. When she has expanded her sheep raising business, she plans start raising cattle in order to generate any even greater income for her family.
With the additional income she will bring in, Bekelu will be able to improve her family's living conditions and provide for their dietary needs. With seven children at home it is also important for her to focus on their future. As she said, “When I keep expanding my business, my income will also grow so I can improve my life style. I can send my kids to a good school.”
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.
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Thank you for supporting a small business loan for Bekelu Niguse to expand her livestock business. After receiving the loan from World Vision, she invested the $150 to buy sheep.
Bekelu has been repaying her loan on time with her new profits. She makes weekly payments of $2.
In addition to repaying her loan, Bekelu is using her income to buy food for her animals and provide food and healthcare for her family.
Bekelu's seven children continue to study in school.
Thank you for supporting Bekelu and World Vision Micro!