Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Elizabeth Munyiva is from Kenya. She needs a loan of $375 to add more stock of shoes for sale.
Elizabeth Munyiva is from Kenya. She needs a loan of $375 to add more stock of shoes for sale.
Elizabeth is a mother of one who sells new shoes in Soweto for a living. She desires to expand her business but she currently lacks the financial capital to do so.
With a loan from World Vision Elizabeth will be able to buy more shoes to sell. The additional profits will enable her to better provide for her family, expand her business, and create employment opportunities for others. In the future, Elizabeth hopes to open up another business selling shoes elsewhere.
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 Elizabeth Munyiva Kioko to expand her clothing and retail business where she sells shoe selling. After receiving the loan from World Vision, she invested the $375 to add more stock of shoes for sale. Elizabeth Munyiva has been repaying her loan on time with her new profits. She makes weekly payments of $15 .
In addition to repaying her loan, Elizabeth is using additional income to pay school fees and expand the current business. Elizabeth's child continues to study in school and Elizabeth's livelihood has greatly improved because of the increase in income from her shoe business.
Thank you for supporting Elizabeth Munyiva and World Vision Micro!
Thank you for supporting the small loan for Elizabeth Munyiva Kioko to improve her shoe selling business. She invested her loan of $375 to add more stock of shoes for resale.
Elizabeth Munyiva has now repaid her loan in full. In addition to repaying her loan, Elizabeth Munyiva has used her additional income to pay her child's school fees and expand her current business.
Elizabeth Munyiva's child continues to study in school.
The loan Elizabeth Munyiva received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Elizabeth Munyiva hopes to send her child to school and expand her current business.
Elizabeth is grateful for her child is now going to school.
Thank you for your support of Elizabeth Munyiva and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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