Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Gideon is from Kenya. He needs a loan of $625 to purchase stock and supplies for shop.
Gideon Kibos is a father of five, who lives with his family in Kabarnet, a rural part of Kenya. Gideon runs a retail shop in his local community. With the profit from the shop he is able to earn a living for his family.
With a loan from World Vision, Gideon will be able to purchase more stock and supplies for his retail shop. He will also be able to expand his businnes and increase his income. With the additional income, Gideon will be able to provide better living conditions for his family, provide for their daily needs, pay for his childrens education and reinvest in his retail business.
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.
Kabarnet is located in Baringo District in the Rift Valley Province of Kenya. It is characterized by uninhabitable desert and fertile farmland, flat arid plains and steep slopes. Rural Kenyans generally live with their extended family in a cluster of huts, which provides shelter and symbolizes the closeness of the people living there. Family members typically share work responsibilities and resources as they support themselves through farming.
Children are considered a valuable resource in Kenya. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. Education is provided by the Kenyan government for children up to age 8, however, nearly 1.7 million children do not attend school because of failing economic and social systems.
With a population nearing 75,000 and 20 percent being children under 5, access to health services is limited in Kabarnet. According to the World Health Organization, the leading causes of death among children younger than 5 are pneumonia, diarrheal diseases, HIV and AIDS, and malaria. Efforts are being made to strengthen the capacity of health workers and services. To receive care, people must travel, usually on foot, at least nine miles to the nearest health center.
In Kabarnet, World Vision also focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Gideon Kibos to expand his retail business. After receiving the loan from World Vision, he invested the $625 to purchase stock and supplies for shop. Gideon has been repaying his loan on time with his new profits. He makes weekly payments of $26 .
In addition to repaying his loan, Gideon is using additional income to expand the current business and do home repairs. Gideon's 5 children continue to study in school.
Thank you for supporting Gideon and World Vision Micro!