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Ephraim is from Kenya. He has 3 children. He needs a loan of $375 to purchase more clothing stock .
Ephraim is from Kenya. He has 3 children. He needs a loan of $375 to purchase more clothing stock .
Ephraim Ndirangu is a father of three children, he lives with his family in Kariobangi South, a rural part of Kenya. Ephraim owns and operates a clothing store within his local community, to help earn a living for his family. At this time Ephraim lacks the funds needed to purchase more clothing stock for his store.
With a loan from World Vision, Ephraiam will be able to purchase all the clothing stock he needs to sustain his clothing business. Because of the loan, Ephraim will be able to expand his business, attract new customers and increase his income. With the additional income, Ephraim will be able to provide for his family's daily needs.
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 Ephraim Ndirangu to expand his clothing and retail business where he sells clothes. After receiving the loan from World Vision, he invested the $375 to purchase more clothing stock.
Ephraim has been repaying his loan on time with his new profits. He makes weekly payments of $12.
In addition to repaying his loan, Ephraim is using his additional income to pay school fees, buy supplies in bulk and pay for transportation. Ephraim's 3 children continue to study in school.
Ephraim is thankful for the loan.
Thank you for supporting Ephraim and World Vision Micro!
While Ephraim Ndirangu initially invested in his business loan by purchasing to purchase more clothing stock, he has struggled to repay his loan. While we continued to work with Ephraim to help him reestablish his business, we regret to report that Ephraim has now defaulted on his loan.
Ephraim prays that he will someday be able to restart he business so that he can better provide for his family. Ephraim would like to sincerely thank the donors who partnered with him. Please pray for Ephraim and his 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.
