Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Jane Nyambura is from Kenya. She has 1 child. She needs a loan of $250 to add more inventory to her business.
Jane is a charcoal dealer, she is doing well but has some challenges with her business.
A loan with World Vision with help her expand her business and open a general retail shop.
Any additional income will be invested back into the business and can eventually create job opportunities for others.
Jane wants to give her family a better life.
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 Jane Nyambura Irungu to expand her charcoal selling business. After receiving the loan from World Vision, she invested the $250 to add more inventory to her business. Jane Nyambura has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Jane Nyambura is using additional income to pay school fees and expand the current business. Jane Nyambura's child continues to study in school.
Thank you for supporting Jane Nyambura and World Vision Micro!
Jane Nyambura has now repaid her loan in full. She invested her loan of $250 to purchase more charcoal for resale.
In addition to repaying her loan, Jane Nyambura has used her income to pay school fees for her child and expand business.
Thank you for your support of Jane Nyambura and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.