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Ashenafi A

Ashenafi is from Ethiopia. He has 4 children. He needs a loan of $575 to buy car maintenance equipment.

Services
Community:
Shashemene
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Ashenafi is from Ethiopia. He has 4 children. He needs a loan of $575 to buy car maintenance equipment.

  • Top Goals To buy car maintenance equipment
  • Children Helped 4

Ashenafi's Story

A father of four children, Ashenafi maintains spare car parts for a living. He is happy with his business and works hard to satisfy the needs of his customers. Though his business is doing well, Ashenafi would like to keep it growing but he lacks the capital to do so.

With a loan from World Vision Ashenafi will be able to buy car maintenance equipment and better serve his customers. With the profits he earns he will be able to expand his business and provide for the basic needs of his family. His future goal is to fulfill his dream of owning his own garage in his community.

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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.

Ashenafi's Community

There is no community update available at this time.

Ashenafi's Mid Term Update October 13, 2012

Thank you for supporting a small business loan for Ashenafi Asgeyam to expand his auto maintenance and repair business. After receiving the loan from World Vision, he invested the $575 to buy car maintenance equipment for his business.

Ashenafi has been repaying his loan on time with his new profits. He makes weekly payments of $11.

In addition to repaying his loan, Ashenafi is using additional income to provide his family with healthcare, start a new business and purchase equipment for his shop.

Ashenafi's four children continue to study in school.

Thank you for supporting Ashenafi and World Vision Micro!

Ashenafi's Final Update April 13, 2013

Ashenafi

Thank you for supporting the small loan for Ashenafi Asgeyam to improve his auto maintenance and repair business. He invested his loan of $575 to buy car maintenance equipment for his business.

Ashenafi has now repaid his loan in full. In addition to repaying his loan, Ashenafi has used his additional income to start a new business and purchase equipment for his shop.

Ashenafi's four children continue to study in school.

The loan Ashenafi received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future, Ashenafi hopes to start a new business, expand his current business and add employees to help him run his shop.

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

Total Amount
$575

Amount raised

$575
$575
100%

Help Ashenafi

1 Donors

  • Angela
    April 14, 2012
    Contributed to 3 other loans

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