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.
Manolito is from Philippines. He needs a loan of $400 to buy pig feed.
For more than 5 years Manolito has operated his small business in the Bohol 04-ll region in the Philippines. He raises pigs to sell to customers in his community.
Manolito has asked for a loan from World Vision to expand his business. He would like to buy pig feed. This will help him raise more pigs to sell to support his family.
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.
Melanio is from Philippines. He needs a loan of $350 to buy stock for the store.
Melanio is 56 years old and runs a small business selling soft drinks, canned goods, candies, seasonings and toiletries. He lives in World Vision's Bohol 04-ll region in the Philippines. Melanio has sold goods in this area for the last 3 years.
Melanio has requested a loan from World Vision to expand his business. With the loan, he would like to buy stock for the store.
Melanio cares for 1 dependent in his 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.
Santa is from Bolivia. She needs a loan of $600 to buy flour and sugar.
Santa is 55 years old and runs a small business making bread. She lives in World Vision's Machareti region in Bolivia. Santa has made bread in this area for the last 2 years.
Santa has requested a loan from World Vision to expand her business. She would like to buy flour and sugar. This will help Santa make and sell more bread, which will increase her overall income.
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.
Eugenia is from Bolivia. She has 4 children. She needs a loan of $450 to buy food supplies.
For the last 2 years Eugenia has operated her small business in the Nuevo Amanecer region in Bolivia. She runs a pool room serving customers in her community.
Eugenia also has a second business where she sells sodas. This second business provides a supplemental income which Eugenia needs to support her family.
Eugenia has asked for a loan from World Vision to expand her business. She would like to buy food supplies for her pool hall. This will help her earn more to support her family.
Eugenia is 42 years old and the mother of 4 children, and all 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.