Name: Ferretti family
Home: New York City
Program: World Vision Micro
The buzz: When it comes to creative fundraising, the Ferreti family has discovered a sizzling commodity. Eight years ago, they made three bottles of hot sauce from a kit their sons, Andrew and Luke, received as a gift. The next year, they grew enough hot peppers to make 12 bottles. The tiny business continued to grow, and Hot Sauce 4 Good produced more than 1,000 bottles in 2013.
Bob was elated as his homemade sauce grew in popularity, but he had no intention of keeping the profits. He and his wife, Laurie, sponsor two children through World Vision, so they decided to use the funds to also support budding entrepreneurs in developing countries.
World Vision Micro provides start-up funds to people in impoverished communities who have business ideas but no access to loans to follow through on their dreams. As borrowers repay their loans, the funds are recycled to help other business owners.
Bob’s family, which has supported eight entrepreneurs, prefers to find people with agriculture or peppergrowing ideas. “My wife and I have been blessed in our life, and we find the greatest joy when we have the opportunity to do something good for others,” Bob says. “In a small way, this is our faith in action.”