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Thomas is from Kenya. He has 8 children. He needs a loan of $125 to buy more grocery stock.
Thomas, the father of eight, runs a grocery business in Katiorin trading centre. Lack of capital and price fluctuations are two of the main challanges he faces, which have limited his ability to compete effectively and win many customers to maximize profits.
With a World Vision microloan, Thomas will be able to purchase more grocery stock to grow the business giving him surplus profit. He wants to buy a van for transportation that will reduce the inconvenience of public transportion, which is not always reliable, and make him more competitive.
The additional income will raise the living standards of his family. He will be able to pay school fees for his children and better meet their financial needs. Any surplus savings will be used to purchase a van to assist him in growing his customer base by timely delivery of his goods.
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.
Kabarnet is located in Baringo District in the Rift Valley Province of Kenya. It is characterized by uninhabitable desert and fertile farmland, flat arid plains and steep slopes. Rural Kenyans generally live with their extended family in a cluster of huts, which provides shelter and symbolizes the closeness of the people living there. Family members typically share work responsibilities and resources as they support themselves through farming.
Children are considered a valuable resource in Kenya. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. Education is provided by the Kenyan government for children up to age 8, however, nearly 1.7 million children do not attend school because of failing economic and social systems.
With a population nearing 75,000 and 20 percent being children under 5, access to health services is limited in Kabarnet. According to the World Health Organization, the leading causes of death among children younger than 5 are pneumonia, diarrheal diseases, HIV and AIDS, and malaria. Efforts are being made to strengthen the capacity of health workers and services. To receive care, people must travel, usually on foot, at least nine miles to the nearest health center.
In Kabarnet, World Vision also focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thomas Chemwetich does not have any updates yet.