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Sumini is from Indonesia. She has 4 children. She needs a loan of $225 to purchase duck feed and ducklings.
Sumini raises and sells ducks in Cilincing, Jakarta City. She buys ducklings, feeds them to increase their size and value, and then sells them.
Her challenge which she is facing right now is the high price of the duck feed. She needs to carefully make the feed by herself in order to get the right nutrition for the duck to grow.
With a loan from World Vision, Sumini will be able to buy more ducklings and duck feed. As the business grows, she hopes to hire an assistant to help her.
The additional income she earns will help her to keep her children at school and provide better nutrition for them.
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 Sumini to expand her livestock business where she raises ducks. After receiving the loan from World Vision, she invested the $225 to purchase duck feed and ducklings.
Sumini has been repaying her loan on time with her new profits. She makes weekly payments of $5. In addition to repaying her loan, Sumini is using the additional income to pay school fees and purchase food for the family. Sumini's 4 children continue to study in school.
Thank you for supporting Sumini and World Vision Micro!
Thank you for supporting the small loan for Sumini to improve her livestock business. She invested her loan of $225 to purchase duck feed and additional ducklings to raise and sell for profit.
Sumini has now repaid her loan in full. In addition to repaying her loan, Sumini has used her additional income to expand her current business and purchase equipment.
The loan Sumini received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Sumini hopes to continue to send her four children to school, take out another loan and purchase more livestock.
Thank you for your support of Sumini and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.