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.
Kimyean is from Cambodia. She needs a loan of $150 to buy fertilizer.
Kimyean is 38 years old and runs a small business growing corn. She lives in World Vision's Rattanak Mondul region in Cambodia. Kimyean has grown corn in this area for more than 5 years. She also has 2 employees who help her run her farm.
Kimyean has requested a loan from World Vision to expand her business. She would like to buy fertilizer. This will help Kimyean grow and sell more corn which will increase her overall income.
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.
Leonila is from Philippines. She has 2 children. She needs a loan of $200 to purchase food.
For the last 4 years Leonila has operated her small business in the Bohol 04-ll region in Philippines. She sells hot dogs and local sausages to customers in her community.
Leonila has asked for a loan from World Vision to expand her business. She would like to purchase food to resell.
Leonila is 50 years old and the mother of 2 children, and both of whom 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.
Lucia is from Kenya. She has 4 children. She needs a loan of $350 to buy ingredients.
Lucia is 43 years old and runs a small business making and selling food. She lives in World Vision's Ndadbibi region in Kenya. Lucia has sold food in this area for the last 3 years. She also has 3 employees who help her run her business.
Lucia has requested a loan from World Vision to expand her business. She would like to buy ingredients. This will help Lucia make and sell more food which will increase her overall income.
Lucia has 4 children, and all of them are currently studying in school. She also cares for 4 additional dependents in her home.
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.