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.
Rorn is from Cambodia. She needs a loan of $300 to buy fertilizer and pesticide.
For the last 6 years Rorn has operated her small business in the Leuk Daek region in Cambodia. She grows rice to sell to customers in her community.
Rorn also has a second business where she sells grocery items. This second business provides a supplemental income which Rorn needs to support her family.
Rorn has asked for a loan from World Vision to expand her business. She would like to buy fertilizer and pesticide for her crops. This will provide more rice to sell to her customers, and allow her to better support her family.
She cares for 4 additional dependents in her 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.
Maria Del Rosario is from Bolivia. She needs a loan of $600 to buy groceries for her business.
For the last 2 years Maria Del Rosario has operated her small business in the Machareti region in Bolivia. She sells sweet dough to customers in her community.
Maria Del Rosario has asked for a loan from World Vision to expand her business. She would like to buy groceries for her business to support her family.
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.
Georgina is from Ghana. She has 2 children. She needs a loan of $150 to purchase cassava in bulk.
For more than 5 years Georgina has operated her small business in the Kintampo South region in Ghana. She makes gari (pickled vegetables) to sell to customers in her community. She also has 1 employee to help her run her business.
Georgina has asked for a loan from World Vision to expand her business. She would like to purchase cassava in bulk. This will enable her to make more gari and increase her income to support her family.
Georgina is 40 years old and the mother of 2 children, both of whom are currently studying in school. She also cares for 4 additional dependents in her home.
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.
Chanthol is from Cambodia. She has 1 child. She needs a loan of $300 to pay for labor fees.
Chanthol is 55 years old and runs a small business providing labor for others for a fee. She lives in World Vision's Prasath Ballang region in Cambodia. Chanthol has provided labor in this area for 4 years. She also has 2 employees who help her run her business.
Chanthol also has a second business where she raises rice. This second business provides a supplemental income which Chanthol needs to support her family.
Chanthol has requested a loan from World Vision to expand her business. She would like to pay for labor fees. This will help Chanthol provide more workers for labor which will increase her overall income.
Chanthol and her husband have 1 child, who is 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.