Recovery Lending for Resilience
The COVID-19 pandemic is causing massive economic disruption around the world, especially harming the extreme poor we serve. The farms and businesses of the vulnerable poor are being crippled by methods to slow the spread of the pandemic—shuttering businesses and...More Details
The COVID-19 pandemic is causing massive economic disruption around the world, especially harming the extreme poor we serve. The farms and businesses of the vulnerable poor are being crippled by methods to slow the spread of the pandemic—shuttering businesses and restricting gatherings and free movement of people. Many are consuming their limited cash savings just to buy food and other essentials; some have even begun selling farm and business assets. They are forced to mortgage their future to survive in the present.
WORLD VISION’S RESPONSE
The extreme poor desperately need rapid recapitalization—to get working capital loans into their farms and businesses—so they can restart or revamp their businesses as the COVID-19 restrictions are lifted. We have strong expertise in this type of “recovery lending,” which quickly stabilizes small farms and businesses. Recovery loans reinvigorate local economies by reigniting both supply and demand as businesses and families recover economically. They also give small businesses the ability to take advantage of emerging opportunities, like sewing face masks and protective clothing.
Restored income will help families feed themselves and eat more nutritiously. They can continue their children’s education and gain access to clean water and sanitation, improved healthcare, and higher-quality homes. They can build cash savings for future needs, making themselves more resilient and less likely to slide back into extreme poverty.
Your support will help us meet these urgent needs, making 2.1 million recovery loans over the next three years to more than 700,000 people, including 545,000 women. We will lift up rural farmers and small businesses, urban microbusinesses, and savings groups – recapitalizing group members who have depleted their savings to help them reignite their livelihoods.
Your gift will allow us to leverage resources from financial institutions, international organizations, the U.S. government, and other agencies, enabling World Vision to do more.
Your gift is a sacred trust. We promise to honor your generosity and use your donation in the most effective way possible. The gift options shown reflect World Vision projects and the suggested donation amounts are based on periodic surveys of the countries we serve. Each item is representative of the gift category in which it appears, and donations will be used to provide assistance within that gift category where it is needed most. When you give any animal gift, a portion of the gift may also help provide watering sources, farming assistance, hunger relief, and other related essentials as needed.
The multiplying effect from grants and donated goods may change throughout the year on identical or similar offers due to variations in the start and end dates of donor grants and our programs.