To celebrate International Children's Day, we're showcasing how we work with families to improve the lives of children around the world.
Orgibold, 6 years old, from Mongolia enjoys playing on his computer.
When Orgibold’s mother took out a small loan from our MFI in Mongolia, she used the money to invest in a small shop. She now works close to her home and spends more time with her children. With the profit from her business, Orgibold’s mother has saved enough money to buy a car and other household appliances. Orgibold has since discovered his computer skills and uses them avidly.
VisionFund Mongolia currently lends to 6,000 people living in rural and urban areas.
Amarys, 11 years old, from El Salvador says ‘I want to study to be a farmer like my dad’.
When Mario and Carolina, a farming couple in El Salvador, took out a small loan, they used it to grow papaya. Mario also received agricultural training alongside the loan and the couple now run a successful farm. With additional family income, Mario and Carolina can begin to save money to invest in Amarys’ education. And Amarys has already chosen to follow in his father’s footsteps, ‘I want to be like my dad, a farmer who is always willing to work. He is a good role model for me.’
Across Latin America and the Caribbean, our average loan size is US$699. With around 120,000 borrowers, we have the potential to reach 275,000 children.
Elton, 8 years old, from Albania is top of his class.
Elton likes playing with the pigs on his dad’s farm. He also likes going to school. In fact he and his brother are both the top of their class. But it’s easier for Elton to concentrate on his school work now that his parents have enough money to buy the right food to keep their boys healthy. After Elton’s father, Bashkim, took out a loan from our MFI in Albania, he was able to till his land and make a profit on his crops. ‘We earn real money. We buy, we sell and it’s a real market’. But Bashkim also thinks of how the additional income has affected his children, ‘My children dress better. They eat better. They smile more. They are happier’.
Over the next three years VisionFund’s goal is to impact the life of 3.5 million children each and every year.