Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Millicent is from Kenya. She has 2 children. She needs a loan of $200 to purchase textile material.
Millicent helps to support her family with her tailoring business. She would like to expand her business by offering more services, but she lacks the investment capital she needs to make the necessary improvements. Her goal is to make her business more profitable so she can improve living conditions for her family.
Millicent is requesting a loan from World Vision to purchase a larger stock of textile materials so she can expand her range of services. With the additional income she will earn from this improvement, she will be able to continue to invest in her business. It will be possible for her to pay the school fees for her two children. In the future, Millicent hopes to continue to grow her business and to be able to offer employment to others in her community.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% 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.
Millicent Obiero has successfully repaid her small business loan. She invested the $200 into purchasing fabric to better serve her customers and improve her tailoring business.
Thanks to the loan she received, Millicent was able to use the profits from her business to expand her current business, and buy more fabric. In the future, Millicent aspires to earn enough to continue expanding her current business, and take out another loan.
Millicent's two children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people, like Millicent, through World Vision Micro. These funds are now available to help other entrepreneurs in Millicent's community.