Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
READ MORE…
Mary Wangari is from Kenya. She needs a loan of $250 to buy more chemicals for making soap.
Mary Wangari is from Kenya. She needs a loan of $250 to buy more chemicals for making soap.
Mary, a mother of two, makes and sells liquid soap for a living to support her family. She would like to expand her business but she lacks the financial capital to do so.
With a loan from World Vision Mary will be able to buy more chemicals for making soap to sell. She plans to use the additional profits to better provide for her family, reinvest in her business, and create employment opportunities for others. In the future Mary hopes to open a factory for her soap production business.
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.
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.
Thank you for supporting a small business loan for Mary Wangari Wanjiru to expand her retail, health/beauty and manufacturing business. After receiving the loan from World Vision, she invested the $250 to buy more chemicals for making soap. Mary Wangari has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Mary Wangari is using additional income to pay school fees and expand the current business. Mary Wangari's 2 children continue to study in school. Moreover, Mary's business profits have increased enough to enable her to pay her children's school fees. She is grateful for the loan.
Thank you for supporting Mary Wangari and World Vision Micro!
Mary Wangari Wanjiru has successfully repaid her small business loan. She invested the $250 for her soap making/selling business.
Thanks to the loan that she received, Mary Wangari was able to use the profits from her business to pay her children's school fees and expand her current business. In the future, Mary Wangari aspires to earn enough to send her children to school and expand her current business.
Mary Wangari's two children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Mary is very grateful for the loan.
Thank you for investing in the power of hardworking people like Mary Wangari through World Vision! These funds are now available to help other entrepreneurs in Mary Wangari’s community.
.JPG?1366165459)
.jpg?1354598693)
.JPG?1354173209)