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Samuel mwangi P

Samuel Mwangi is from Kenya. He has 1 child. He needs a loan of $250 to purchase a matatu (minibus) for his taxi business.

Services
Community:
Soweto Tulia
Country:
Kenya
other entrepreneurs here Kenya

Summary

Samuel Mwangi is from Kenya. He has 1 child. He needs a loan of $250 to purchase a matatu (minibus) for his taxi business.

  • Top Goals To purchase a matatu (minibus) for his taxi business...
  • Children Helped 1

Samuel Mwangi's Story

Samuel operates a taxi business in Eastleigh, Kenya, and the surrounding area.

A loan from World Vision will help Samuel expand his business, including buying a matatu – a type of minibus – to transport more clients.

He hopes to continue improving his business, eventually hiring more workers and adding jobs to his community.

Samuel is the father of one child. He will use his increased income to better meet his family’s basic needs.

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Industry Info

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.

Samuel Mwangi's Community

Soweto is a large slum on the east side of Nairobi, Kenya. Home to nearly one million, residents struggle daily with the sickness, crime, hunger, and hopelessness that results from severe poverty. Many children have one or no parent. While education is free in Kenya, many children cannot attend because their families cannot afford the required uniform, shoes, and school supplies.

HIV and AIDS have left many children orphaned and vulnerable. Sometimes the oldest child finds themselves as head of the household, and sometimes relatives or neighbors step in to help care for children, making it even more difficult to rise out of poverty.

World Vision has been working in Kenya since 1965. While it has developed a community-based, integrated approach to reduce the spread of HIV and AIDS, World Vision has made improvements in all aspects of life in Soweto. Accomplishments include conducting medical check-ups for children to ensure good health; subsidizing school fees; building classrooms; constructing water tanks at schools; and providing training on business skills and entrepreneurship.

World Vision has supported microfinance in Soweto since 1996. Work means dignity. It means food, education, health care. It means survival. KADET is a World Vision-affiliated microfinance institution that seeks to increase the number of small-business owners and grow the number of people who are accessing credit resources and business training. More than sixty percent of clients are women.

Samuel Mwangi's Mid Term Update September 10, 2012

Thank you for supporting a small business loan for Samuel mwangi Peter to expand his services and transportation business. After receiving the loan from World Vision, he invested the $250 to purchase a matatu (minibus) for his taxi business. Samuel Mwangi has been repaying his loan on time with his new profits. He makes weekly payments of $10.

In addition to repaying his loan, Samuel Mwangi is using additional income to maintain or repair equipment and expand the current business. Samuel Mwangi's 1 child continues to study in school. Moreover,Samuel serviced his car and has been abble to increase his profits.

Thank you for supporting Samuel Mwangi and World Vision Micro!

Samuel Mwangi's Final Update December 03, 2012

Thank you for supporting the small loan for Samuel Mwangi Peter to improve his services and transportation business. He invested his loan of $250 to purchase a matatu (minibus) for his taxi business.

Samuel Mwangi has now repaid his loan in full. In addition to repaying his loan, Samuel Mwangi has used his additional income to buy supplies in bulk and expand the current business.

Samuel Mwangi's 1 child continues to study in school.

The loan Samuel Mwangi received helped his business expand, and the profits he is earning create lasting improvements in his life. In the future, Samuel Mwangi hopes to hire more employees and take out another loan.

Mwangis is grateful for the loan, which has improved his life.

Thank you for your support of Samuel Mwangi and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Samuel Mwangi

5 Donors

  • Roger
    May 21, 2012
    Contributed to 1 other loans
  • Elizabeth
    June 16, 2012
    Contributed to 2 other loans
  • Marcus
    June 17, 2012
    Contributed to 0 other loans
  • Kailin
    June 17, 2012
    Contributed to 2 other loans
  • Andy
    June 18, 2012
    Contributed to 5 other loans

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