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Kanini is from Kenya. She has 2 children. She needs a loan of $125 to buy tomatoes, cabbages, onions, other vegetables and fresh fruit.
Kanini runs a grocery selling business in her community in order to support her family. Although she would like to expand her business, she lack the capital necessary to increase the amount of stock she would need in order to do so.
With a micro loan from World Vision, Kanini will be able to buy produce, such as tomatoes, cabbages, onions, other vegetables and fresh fruit, in large quantities in order to restock her supply. This will help her to stabilize her business. By stocking a greater variety of fruits and vegetables, she will satisfy her current customers' demands, attract new customers, and have an increased cash flow with which to better run her business.
With her increased produce sales income, Kanini will be able to improve her family's living conditions and provide them a healthier diet. She will also be able to cover her two children's educational expenses so that they can go to school and have hope for a brighter future.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Kanini Kavata to expand her grocery business.
She invested her loan of $125 to buy tomatoes, cabbages, onions, other vegetables and fresh fruit.
Unfortunately, Kanini has been struggling to repay her loan on time. She should be making weekly payments of $4. Kanini's troubles result from a local disaster. Because of this situation, she has fallen behind on her payments.
We are continuing to work with Kanini to help her reestablish her business and repay her loan successfully.
Please pray for Kanini and her family during this difficult time.
While Kanini Kavata initially invested in her business loan by purchasing to buy tomatoes, cabbages, onions, other vegetables and fresh fruit, she has struggled to repay her loan. While we continued to work with Kanini to help her reestablish her business, we regret to report that Kanini has now defaulted on her loan.
Local disaster was an unexpected burden for the family. Because of this situation, she fell behind on her payments and over time her business failed.
Kanini prays that she will someday be able to restart her business so that she can better provide for her family. Kanini would like to sincerely thank all the donors who partnered with her. Please pray for Kanini and her family during this difficult time.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations.
Thank you for your understanding, and your support of World Vision Micro. If you have any questions or concerns, please feel free to call our Customer Care line at 1-888-511-6444.