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Yeshi is from Ethiopia. She has 2 children. She needs a loan of $125 to buy an ox for farming.
Mother of two, Yeshi is diligently working hard to provide for them with the income she earns from her small farm. She would like to buy oxen to plow her farm, but due to a shortage of funds she has not be able to. Yeshi explains, "If I get a loan, I can start another business like planting vegetables in my garden.”
With a loan from World Vision, Yeshi will be able to buy oxen, plant her farm, and provide her customers with high quality produce. The increase in Yeshi's income will enable her to provide her children with the basic things they need and allow her to participate in other income generating activities.
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.
Th e Wonchi ADP, which started in 2001, is 76 miles west of the Ethiopian capital of Addis Ababa. Encompassing 183 square miles, Wonchi is home to almost 120,000 people. Currently, 5,000 children are registered in the sponsorship program.
The goal of World Vision in Wonchi is to improve the livelihood security of 36,000 children and families in the area. Almost all of the people—99 percent—are subsistence farmers, depending on crops and livestock as their means of food and income. Deforestation and soil erosion are among the major problems that impact their ability to increase crop production and feed their families.
The highest priority in the Wonchi ADP is to increase crop and livestock productivity so that farmers can feed their families and generate income. With additional income, they are able to pay for healthcare and education for their children, greatly improving their quality of life.
Providing access to credit and saving services has helped to increase household income. Credit has enabled community members to own assets like farm oxen, sheep, and homes. It has also provided opportunities for job skills training.
Thank you for supporting a small business loan for Yeshi Nedhi to expand her vegetable farming business. After receiving the loan from World Vision, she invested the $125 to buy an ox for farming.
Yeshi has been repaying her loan on time with her new profits. She makes weekly payments of $2.
In addition to repaying her loan, Yeshi is using additional income to provide her family with healthcare, do home repairs and purchase food for her family.
Yeshi's two children continue to study in school.
Thank you for supporting Yeshi and World Vision Micro!
Yeshi Nedhi has successfully repaid her small business loan. She invested the $125 for her vegetable farming business.
Thanks to the loan that she received, Yeshi was able to use the profits from her business to provide healthcare, do home repairs and purchase food for her family. In the future, Yeshi aspires to earn enough to start a new business, expand her current business, and to repair or expand their home.
Yeshi's two 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 Yeshi through World Vision! These funds are now available to help other entrepreneurs in Yeshi's community.