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.
Moeurn is from Cambodia. She has 2 children. She needs a loan of $250 to buy fertilizer and pesticide.
For the last 6 years Moeurn has operated her small business in the Sot Nikum region in Cambodia. She grows rice to sell to customers in her community.
Moeurn also has a second business where she grows watermelons. This second business provides a supplemental income which Moeurn needs to support her family.
Moeurn has asked for a loan from World Vision to expand her business. She would like to buy fertilizer and pesticide. This will help her to get more yield from her crops, and help her to support her family.
Moeurn is 37 years old and the mother of 2 children, both of whom are currently studying in school. She also cares for 3 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.
Kaayim is from Ghana. She has 2 children. She needs a loan of $200 to buy clothes.
For more than 5 years Kaayim has operated her small business in the Savelugu Nanton region in Ghana. She sells clothes to customers in her community.
Kaayim has asked for a loan from World Vision to expand her business. She would like to buy clothes for resale in her shop.
Kaayim is 24 years old and the mother of 2 children, and both of them are currently studying in school. She also cares for 3 additional dependents 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.
Thomas is from Kenya. He has 3 children. He needs a loan of $200 to purchase land for quarrying.
For more than 5 years Thomas has operated his small business in the Soweto Tulia region in Kenya. He quarries for building stones to sell to customers in his community.
Thomas has asked for a loan from World Vision to expand his business. He would like to purchase more land so that he can get more building stones to support his family.
Thomas is 33 years old and the father of 3 children, of whom 3 are currently studying in school.
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.
Fredrick is from Kenya. He has 2 children. He needs a loan of $200 to open a retail shop.
Fredrick is 25 years old and runs a small business providing motorcycle transport. He lives in World Vision's Winam Urban region in Kenya. Fredrick has provided motorcycle transport in this area for more than 5 years.
Fredrick has requested a loan from World Vision to expand his business. He would like to open a retail shop. This will help Fredrick increase his overall income.
Fredrick and his wife have 2 children, 1 of whom 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.