Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
READ MORE…
Dorothy is from Kenya. She has 2 children. She needs a loan of $250 to buy stock for her grocery store.
Dorothy is from Kenya. She has 2 children. She needs a loan of $250 to buy stock for her grocery store.
Dorothy operates a grocery shop in Katito, Kenya. Because food prices are high and she lacks capital to purchase more stock, she finds it difficult to expand her revenue.
With a loan from World Vision, Dorothy will purchase more stock for her grocery such as sugar and cooking fat. Once she is able to purchase more stock, she will be able to meet her client's demands. More revenue will allow Dorothy to pay for her children's school fees. She also hopes to expand her business large enough to hire staff to help in the shop.
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.
Katito is a hill in Kenya with an average elevation of 5,000 feet. Summers are warm and rainfall is irregular. There is a high rate of HIV infection in Katito. Poverty has left most families and particularly children very susceptible to disease. Lack of fresh water is a major issue. Many dams are contaminated. Some residents treat the water at home while others drink as is.
Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. With long distances between home and school and children needing to help on the farm, many do not get to attend school.
World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Dorothy Omondi to expand her retail and grocery business where she owns a grocery store. After receiving the loan from World Vision, she invested the $250 to restock for her store.
Dorothy has been repaying her loan on time with her new profits. She makes weekly payments of $10. In addition to repaying her loan, Dorothy is using additional income to buy supplies in bulk and expand the current business. Dorothy's 2 children continue to study in school. Thank you for supporting Dorothy and World Vision Micro!
.JPG?1367284362)