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Almaz is from Ethiopia. She has 4 children. She needs a loan of $100 to purchase more sheep for fattening.
Almaz Dejene is a mother of four, who lives in a rural part of Ethiopia. She works very hard at her sheep fattening business.
With a loan from World Vision, Almaz can expand her business and increase her income. “If I get a loan, I can buy sheep and when they become fat, I can take them to the local market to sale. I can easily make a profit,” she said.
With the additional income, Almaz would be able to be a better provider for her family. “I can provide my family with a healthy diet. I can send them to school, I can cover the expenses for their clothing,” she said.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Almaz Dejene to expand her livestock business. After receiving the loan from World Vision, she invested the $100 to purchase more sheep to raise and sell for profit.
Almaz has been repaying her loan on time with her new profits. She makes weekly payments of $1.
In addition to repaying her loan, Almaz is using additional income to pay her children's school fees, do home repairs and purchase food for her family.
Almaz's four children continue to study in school.
Thank you for supporting Almaz and World Vision Micro!
Almaz Dejene has successfully repaid her small business loan. She invested the $100 for her livestock business.
Thanks to the loan that she received, Almaz was able to use the profits from her business to do home repairs, purchase food for her family and expand her current business. In the future, Almaz aspires to earn enough to start a new business, expand her current business and take out another loan.
Almaz's four children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Almaz through World Vision! These funds are now available to help other entrepreneurs in Almaz's community.