Men and women around the world want to get their families out of poverty. They want to provide their families with healthy food, clothing, shelter, and education. Many of these hardworking people have good business ideas – they just need a way to get started. Below are just a few examples of the different business types you can fund through Micro.
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.
Andrew is from Kenya. He has 3 children. He needs a loan of $350 to purchase fertilizer and pesticide.
For more than 5 years Andrew has operated his small business in the Olenton region in Kenya. He grows wheat and potatoes to sell to customers in his community.
Andrew has asked for a loan from World Vision to expand his business. He would like to purchase fertilizer and pesticide. This will help him to grow and sell more wheat and potatoes which will increase his overall income. Andrew will use this income to support his family.
Andrew is 33 years old and the father of 3 children, and all of them are currently studying in school. He also cares for 2 additional dependents in his home.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
Onesmus is from Kenya. He has 3 children. He needs a loan of $350 to purchase grocery items.
Onesmus is 30 years old and runs a small business selling groceries. He lives in World Vision's Soweto Tulia region in Kenya. Onesmus has sold groceries in this area for the last 2 years.
Onesmus has requested a loan from World Vision to expand his business. With the loan, he would like to purchase grocery items for resale in his shop.
Onesmus and his wife have 3 children, of whom 2 are currently studying in school.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.
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.
Gepfrey is from Kenya. He needs a loan of $200 to increase his working capital.
Gepfrey and his wife have operated his small business in the Winam Urban region in Kenya for more than 5 years. He provides carpentry services to customers in his community.
Gepfrey has asked for a loan from World Vision to expand his business. He would like to increase his working capital. This will improve his overall income which Gebfrey needs to support his family.
Every dollar donated becomes $1.28 in impact to children and communities worldwide. How?
World Vision is a Christian humanitarian organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice.