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.
Sreymao is from Cambodia. She has 1 child. She needs a loan of $300 to purchase fertilizer.
For the last 5 years Sreymao has operated her small business in the Koh Krolor region in Cambodia. She grows rice to sell to customers in her community. She also has 2 employees to help her run her farm.
Sreymao has asked for a loan from World Vision to expand her business. She would like to purchase fertilizer. This will help her to grow and sell more rice which will increase her overall income. Sreymao will use this income to support her family.
Sreymao is 27 years old and the mother of 1 child, who is currently studying in school.
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.
Nancy is from Kenya. She needs a loan of $350 to purchase more clothes.
For more than 5 years Nancy has operated her small business in the Bandaptai region in Kenya. She sells clothes to customers in her community.
Nancy has asked for a loan from World Vision to expand her business. She would like to purchase more clothes to support her family.
She cares for 1 additional dependent in her home.
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.
Margaret is from Kenya. She has 2 children. She needs a loan of $250 to buy materials.
For the last 2 years Margaret and her husband have operated her small business in the Wema region in Kenya. She provides materials to sell to customers in her community. She also has 2 employees to help her run her business.
Margaret has asked for a loan from World Vision to expand her business. She would like to buy materials to sell to increase her income and support her family.
Margaret is 36 years old and the mother of 2 children, and both of them are currently studying in school.
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.