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.
Maribeth is from Philippines. She has 4 children. She needs a loan of $250 to buy additional pigs.
Maribeth is 37 years old and runs a small business raising pigs. She lives in World Vision's Mountain View region in Philippines. Maribeth has raised pigs in this area for more than 5 years.
Maribeth has requested a loan from World Vision to buy additional pigs. This investment will help her expand her business and earn larger profits.
Maribeth and her husband have 4 children, of whom 4 are 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.
Felicitas is from Philippines. She needs a loan of $250 to buy food storage containers and bread.
For more than 5 years Felicitas has operated her small business in the Haven of Rest I region in Philippines. She sells bread to customers in her community.
Felicitas has asked for a loan from World Vision to expand her business. She would like to buy food storage containers and bread.
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.
Agnes is from Kenya. She has 1 child. She needs a loan of $200 to buy hair beauty products.
For more than 5 years Agnes has operated her small business in the Kiambogoko region in Kenya. She provides hair salon services to customers in her community. She also has 2 employees to help her run her business.
Agnes has asked for a loan from World Vision to expand her business. She would like to buy hair beauty products to sell and use in her salon. This will help her earn more to support her family.
Agnes is 32 years old and the mother of 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.