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Aklil E

Aklil is from Ethiopia. He has 4 children. He needs a loan of $200 to purchase more cattle.

Services
Community:
Antsokiya Gemza
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Aklil is from Ethiopia. He has 4 children. He needs a loan of $200 to purchase more cattle.

  • Top Goals To purchase more cattle
  • Children Helped 4

Aklil's Story

Aklil makes a living by raising cattle. At his current level of operation, his business is only marginally sustainable. He does not generate enough income to invest in his business to make it more profitable. His goal is to expand his cattle raising so he can improve living conditions for his family.

Aklil is requesting a loan from World Vision to purchase more cattle. With the additional income he will earn from this improvement, he plans to continue to invest in and improve his business. He will be able to provide the basic necessities for his family and send his four children to a better school. Eventually, Aklil plans to ensure a more stable financial future for his family by buying a grinding mill and starting a new business.

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Industry Info

In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.

Aklil's Community

There is no community update available at this time.

Aklil's Mid Term Update October 29, 2012

Thank you for supporting a small business loan for Aklil Eshete to expand his food and livestock business where he raises cattle. After receiving the loan from World Vision, he invested the $200 to purchase more cattle.

Aklil has been repaying his loan on time with his new profits. He makes weekly payments of $3.

In addition to repaying his loan, Aklil is using the additional income to pay school fees, purchase food for the family and provide healthcare. Aklil's 4 children continue to study in school.

Thank you for supporting Aklil and World Vision Micro!

Aklil's Final Update April 29, 2013

Aklil

Aklil Eshete has successfully repaid his small business loan. He invested the $200 for his cattle raising business.

Thanks to the loan that he received, Aklil was able to use the profits from his business to provide healthcare, do home repairs and purchase food for his family. In the future, Aklil aspires to earn enough to start a new business, expand his current business, and repair or expand their home.

Aklil's four children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.

Thank you for investing in the power of hardworking people like Aklil through World Vision! These funds are now available to help other entrepreneurs in Aklil's community.

Total Amount
$200

Amount raised

$200
$200
100%

Help Aklil

5 Donors

  • Lauren
    April 25, 2012
    Contributed to 37 other loans
  • Linda
    April 25, 2012
    Contributed to 31 other loans
  • Stephen
    April 25, 2012
    Contributed to 36 other loans
  • Austin
    April 25, 2012
    Contributed to 43 other loans
  • Cindy
    April 26, 2012
    Contributed to 28 other loans

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