Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Rutto is from Kenya. He has 8 children. He needs a loan of $375 to buy more livestock.
A father of eight, Rutto makes a living as a livestock trader to support his family. He would like to expand his business by buying more livestock, but he faces many challenges including a lack of transportation and insufficient capital.
With a loan from World Vision Rutto will be able to increase his livestock and generate more income. With the additional profits he earns he will be able to improve his family's living conditions. Rutto's future goal is to continue expanding his business by reinvesting in it, which he believes will benefit both his family and the community.
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 Rutto Kibelion to expand his retail and livestock business. After receiving the loan from World Vision, he invested the $375 to buy more livestock. Rutto has been repaying his loan on time with his new profits. He makes weekly payments of $15.
In addition to repaying his loan, Rutto is using additional income to pay school fees, expand the current business and start a new business. Rutto's child continues to study in school.
Thank you for supporting Rutto and World Vision Micro!
Thank you for supporting the small loan for Rutto Kibelion to improve his livestock business. He invested his loan of $375 to buy more livestock to raise and sell for a profit.
Rutto has now repaid his loan in full. In addition to repaying his loan, Rutto has used his additional income to pay school fees for his children, expand his current business, and start a new business.
Rutto's eight children continue to study in school.
The loan Rutto received helped his business expand and the profits he is earning are creating lasting improvements in his life. In the future, Rutto hopes to continue sending his children to school, and start a new business.
Thank you for your support of Rutto and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.