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.
Ambrose is from Kenya. He has 1 child. He needs a loan of $350 to buy supplies in bulk.
Ambrose is 29 years old and runs a small business growing maize to sell to customers in his community. He lives in World Vision's Osiligi region in Kenya. Ambrose has grown maize in this area for the last 2 years. He also has 1 employee who helps to run his farm.
Ambrose has requested a loan from World Vision to expand his business. He would like to buy supplies in bulk. This will help Ambrose grow and sell more maize which will increase his overall income.
Ambrose and his wife have 1 child.
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.
Patrick is from Kenya. He has 4 children. He needs a loan of $350 to purchase flour and sugar.
Patrick is 40 years old and runs a small business renting out rooms. He lives in World Vision's Olenton region in Kenya. Patrick has rented rooms in this area for more than 5 years. He also has 1 employee who helps him run his business.
Patrick has requested a loan from World Vision to expand his business. With the loan, he would like to purchase flour and sugar.
Patrick and his wife have 4 children, and all of them 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.
Jackson is from Kenya. He has 2 children. He needs a loan of $350 to pay for motorcycle repairs.
For the last 2 years Jackson and his wife have operated his small business in the Olenton region in Kenya. He provides motorcycle transportation to customers in his community.
Jackson has asked for a loan from World Vision to expand his business. He would like to pay for motorcycle repairs. This will improve his transportation services and increase his income.
Jackson is 21 years old and the father 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.