Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Faida is from Kenya. She needs a loan of $250 to stock her kiosk with food.
Faida operates a food kiosk in Marafa ADP and is requesting a loan from World Vision to purchase food items to stock her kiosk.
The loan will allow her to purchase additional stock for her kiosk and in return she hopes to realize more sales which will translate into more income. This will help improve her financial status as well as her family's living standards. The client intends to continue growing her business and hopes that one day she may come to own a well stocked retail shop in the area.
Additional income will create financial stability for Faida and her family while also helping pay school fees for her child. As her business grows she is hopeful in being able to employ assistance which will aid her 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.
Marafa is located in southeast Kenya. It is an impoverished community plagued by drought, high illiteracy rates, poor access to health care, and the devastating effects of HIV and AIDS. Nearly 36,000 people reside in Marafa. Main sources of income include the production and sale of charcoal. This has caused great environmental damage but in a time of food scarcity, it cannot be help. One solution is to establish tree nurseries, which could improve the natural environment and provide jobs and income.
Although enrollment in primary schools is high in Marafa, early marriages and teenage pregnancies present a challenge to girls wanting an education. Boys are affected by child labor. And because of chronic food shortages, families move from place to place in search of odd jobs, making education inconsistent. Access to clean water for drinking and irrigation is needed.
World Vision has worked hard to help the people of Marafa. Accomplishments include constructing classrooms, providing desks, sports equipment, and teaching materials. Homes were built for 30 families and food supplements were distributed to children and families.
Microfinance is helping to make a difference. The Kenya Agency for Development of Enterprise and Technology. For every $1,000 loaned, 13 jobs are created or sustained. And approximately half of loan recipients are women.
Thank you for supporting a small business loan for Faida Shomi to expand her food business where she operates a food kiosk. After receiving the loan from World Vision, she invested the $250 to stock her kiosk with food.
Faida has been repaying her loan on time with her new profits. She makes weekly payments of $10 .
In addition to repaying her loan, Faida is using additional income to buy supplies in bulk and expand her current business. Faida's child continues to study in school.
Thank you for supporting Faida and World Vision Micro!