Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Gladys is from Kenya. She has 1 child. She needs a loan of $250 to expand her retail shop and purchase more stock.
Gladys Kiptoo is a mother who lives in Kabarnet, a rural part of Kenya with her family. Gladys works hard at maintaing her retail shop in her local community. The profit she makes from this shop, helps her to provide for her family.
With a loan from World Vision, Gladys will be able to purchase more stock and expand her retail shop, which will help her to grow her business and increase her income. With the additional income, Gladys will be able provide for her family's daily needs, provide better living conditions and pay for her childs education.
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 Gladys Kiptoo to expand her retail business. After receiving the loan from World Vision, she invested the $250 to purchase more stock and expand her retail shop.
Gladys has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Gladys is using additional income to buy supplies in bulk and pay for transportation. Gladys's child continues to study in school.
Thank you for supporting Gladys and World Vision Micro!
Thank you for supporting the small loan for Gladys Kiptoo to improve her retail business. She invested her loan of $250 to expand her retail shop and purchase more stock to attract customers and improve her sales.
Gladys has now repaid her loan in full. In addition to repaying her loan, Gladys has used her additional income to pay school fees for her child, pay for transportation, and buy supplies in bulk.
Gladys's child continues to study in school.
The loan Gladys received helped her business expand and the profits she is earning are creating lasting improvements in her life. In the future, Gladys hopes to continue sending her children to school, further expand her current business, and take out another loan.
Thank you for your support of Gladys and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.