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Nancy is from Kenya. She has 3 children. She needs a loan of $1,200 to buy more soft drinks for resale.
Nancy Awuor is a soft drink vendor. She could earn more from her business but she lacks capital with which to buy more soft drinks to sell.
With a loan from World Vision, Nancy can increase her inventory and her sales. She will use the additional income she earns to provide for her three children.
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.
While Nancy Awuor initially invested in her business loan by purchasing to buy more soft drinks for resale, she has struggled to repay her loan. While we continued to work with Nancy to help her reestablish her business, we regret to report that Nancy has now defaulted on her loan.
Nancy prays that she will someday be able to restart her business so that she can better provide for her family. Nancy would like to sincerely thank all the donors who partnered with her. Please pray for Nancy and her family during this difficult time.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations.
Thank you for your understanding, and your support of World Vision Micro. If you have any questions or concerns, please feel free to call our Customer Care line at 1-888-511-6444.