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Monica W

Monica is from Kenya. She has 5 children. She needs a loan of $250 to add stock of household goods such as plastic cups, plates, cooking oil, flour, and rice for her retail grocery shop.

Commerce
Community:
Wema
Country:
Kenya
other entrepreneurs here Kenya

Summary

Monica is from Kenya. She has 5 children. She needs a loan of $250 to add stock of household goods such as plastic cups, plates, cooking oil, flour, and rice for her retail grocery shop.

  • Top Goals To add stock of household goods such as plastic cups...
  • Children Helped 5

Monica's Story

Monica operates a retail grocery shop and tailoring service. A mother of five, she hopes to improve the living conditions of her family by expanding her business. Poor roads in the area have made expansion difficult causing delays in deliveries; however, Monica looks forward to increasing her income and eventually opening a wholesale shop to further her business growth.
A World Vision loan would enable Monica to purchase stock for her store, providing the needed inventory to proceed toward the goals she has for her and her family.

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Industry Info

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.

Monica's Community

There is no community update available at this time.

Monica's Mid Term Update September 30, 2012

Thank you for supporting a small business loan for Monica Wangari to expand her retail, grocery and tailoring/sewing businesses. After receiving the loan from World Vision, she invested the $250 to add stock of household goods such as plastic cups, plates, cooking oil, flour, and rice for her retail grocery shop.

Monica has been repaying her loan on time with her new profits. She makes weekly payments of $10.

In addition to repaying her loan, Monica is using the additional income to expand the current business and buy supplies in bulk. Monica's 5 children continue to study in school.

Monica was able to add more stocks of household items to her store which increased her profits and she is very happy with the progress of the same.

Thank you for supporting Monica and World Vision Micro!

Monica's Final Update December 23, 2012

Monica Wangari has successfully repaid her small business loan. She invested the $250 for her grocery and tailoring business.

Thanks to the loan that she received, Monica was able to use the profits from her business to expand her business and buy supplies in bulk. In the future, Monica aspires to earn enough to further expand her current business and take out another loan.

Monica's five children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.

Monica was able to add more stock to her store which increased her profits. She is very happy with the progress at this same.

Thank you for investing in the power of hardworking people like Monica through World Vision! These funds are now available to help other entrepreneurs in Monica's community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Monica

2 Donors

  • Julene
    July 05, 2012
    Contributed to 15 other loans
  • Linda
    July 08, 2012
    Contributed to 1 other loans

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