Loan for Starting a Business $100


This project helps to provide a loan, training and assistance so a family can launch a small business such as farming, sewing, dairy production, baking, weaving and more. As loans are repaid, contributions made to this project will be re-loaned to help another family. As a result individuals without credit history or collateral are able to access loans to start businesses. Lack of access to higher value markets often limits the economic growth of rural families.

Parents living in poverty have the skills, ideas and will to work – and with your help, they’ll have the money to launch their dreams. This is a gift that truly keeps on giving.

Keep reading below to learn of a great success story.

For most of her life, Rhoda Ziba lived in poverty, struggling to keep food on her table. But unlike most people living in similar circumstances, Rhoda did not just dream and hope for a better life. She boldly and ambitiously decided to leave her home Village in Mzimba District and resettle in Nkhatabay District with a promise for a better life.

“I joined a village savings group. My main aim was to save a startup capital for a business to increase my income and also be able to send money to my three teenage children back in my home village,” she says. “While in the group, World Vision trained and supported us and linked us with a micro finance organization, Vision Fund, enabling us to easily obtain loans for agriculture enterprises,” she describes.

Rhoda borrowed 50,000 kwacha (115 US dollars). “Using the money, I rented six plots, where I grew rice and hired some people to help me plant, take care of and harvest the rice. I made K118,000 (270 US dollars) after selling seven 90-kilogramme bags of rice I harvested,” Rhoda says. From the money she made, Rhoda repaid the loan and used the remainder to buy one female pig, some materials to build a kraal for the pig, some banana suckers to start growing bananas, some household items and sent some of it to her children back in her home village. “The following year, I took another loan (50,000 kwacha) grew more rice on nine plots this time and made 201,500 (460 US dollars) after selling. This time my heart was set on buying iron sheets for a three-bedroomed house I had started to build.”

Rhoda says joining the village savings group (Zikhole Village Bank) was one of the best decisions she has ever made. 

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