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Teresa is from Kenya. She has 3 children. She needs a loan of $250 to purchase mobile phones for resale.
Teresa helps to support her family by selling mobile phones. The main challenge to running a successful business is the high price of the phones she buys. A lack of investment capital prevents her from being able to expand her business and make it more profitable.
A loan from World Vision will allow Teresa to buy phones for resale in larger quantity. With the additional income she will earn from this improvement, she can improve living conditions for her family and pay the school fees for her three children. She plans to continue to invest in and grow her business, and hopes eventually to be able to create employment opportunities for others in her community.
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.
Katito is a hill in Kenya with an average elevation of 5,000 feet. Summers are warm and rainfall is irregular. There is a high rate of HIV infection in Katito. Poverty has left most families and particularly children very susceptible to disease. Lack of fresh water is a major issue. Many dams are contaminated. Some residents treat the water at home while others drink as is.
Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. With long distances between home and school and children needing to help on the farm, many do not get to attend school.
World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Teresa Onyango does not have any updates yet.