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.
Charlyn is from Philippines. She has 1 child. She needs a loan of $400 to buy piglets and feed.
For the last 5 years Charlyn has operated her small business in the Bohol 04-ll region in the Philippines. She raises pigs to sell to customers in her community.
Charlyn has asked for a loan from World Vision to expand her business. She would like to buy piglets and feed. This will help her raise more pigs to sell to support her family.
Charlyn is 32 years old and the mother of 1 child, who is 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.
Mildred is from Kenya. She needs a loan of $350 to improve her business.
For more than 5 years Mildred has operated her small business in the Winam Urban region in Kenya. She sells general goods to customers in her community.
Mildred has asked for a loan from World Vision to expand her business. She would like to improve her business to support her family.
She cares for 2 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.
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.
Faith is from Kenya. She has 1 child. She needs a loan of $100 to add stock of hair products.
For the last 2 years Faith and her husband have operated her small business in the Kabarnet region in Kenya. She provides hair services to customers in her community.
Faith has asked for a loan from World Vision to expand her business. She would like to add stock of hair products like shampoo, conditioners, hair extensions and hair relaxers. This will help her earn more to support her family.
Faith is 22 years old and the mother of 1 child.
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.