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Belete B

Belete is from Ethiopia. He has 4 children. He needs a loan of $250 to purchase the second ox needed for farming.

Agriculture/Animals
Community:
(Damota II) Soddo
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Belete is from Ethiopia. He has 4 children. He needs a loan of $250 to purchase the second ox needed for farming.

  • Top Goals To purchase the second ox needed for farming
  • Children Helped 4

Belete's Story

Belete is a farmer. He produces cereal and other crops, but the lack of a second ox limited his production. In order to do much of the work on the farm, he would have search for a second ox to borrow from a neighbor.

With a loan from World Vision, Belete will be able to purchase a second ox. With a pair of oxen, he can use his time more productively. With the increase in production from his crops, he hopes to be able to purchase and support additional animals for both work and resale. "The additional income", he said, "will enable me send my children to school and cover every cost related to their education."
"The additional income", he said, "will enable me send my children to school and cover every costs related to their education." This will motivate my neighbors in the village to produce more and send their children to school before they are too old to school.

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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.

Belete's Community

There is no community update available at this time.

Belete's Mid Term Update October 30, 2012

Thank you for supporting a small business loan for Belete Beyene to expand his farming business. After receiving the loan from World Vision, he invested the $250 to purchase another ox to increase his productivity.

Belete has been repaying his loan on time with his new profits. He makes weekly payments of $4.

In addition to repaying his loan, Belete is using additional income to provide his family with healthcare, do home repairs and purchase food for his family.

Belete's four children continue to study in school.

Thank you for supporting Belete and World Vision Micro!

Belete's Final Update April 30, 2013

Belete

Thank you for supporting the small loan for Belete Beyene to improve his farming business. He invested his loan of $250 to purchase another ox to increase his productivity.

Belete has now repaid his loan in full. In addition to repaying his loan, Belete has used his additional income to purchase food for his family, provide them with healthcare, and start a new business.

Belete's four children continue to study in school.

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

Thank you for your support of Belete 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 Belete

4 Donors

  • James
    April 26, 2012
    Contributed to 86 other loans
  • Anne
    April 27, 2012
    Contributed to 33 other loans
  • Dianne
    April 27, 2012
    Contributed to 33 other loans
  • Kevin
    May 01, 2012
    Contributed to 41 other loans

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