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Abraham B

Abraham is from Ethiopia. He has 2 children. He needs a loan of $250 Abraham is selling household items to the local people. He needs the loan to increase profit potential for his business.

Commerce
Community:
(Damota II) Soddo
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Abraham is from Ethiopia. He has 2 children. He needs a loan of $250 Abraham is selling household items to the local people. He needs the loan to increase profit potential for his business.

  • Top Goals Abraham is selling household items to the local people...
  • Children Helped 2

Abraham's Story

A strong man, Abraham has been engaged in selling household items to the local community. “I have to work hard to improve the life style of my family. I can do more if I get a small amount of money. I think my business is quite an encouraging business to improve the living standard of my family,” he said.

Abraham is in great need of a loan. He has faced serious financial shortage to run his business successfully.

Abraham’s business is in a good move. He knows that as his business is getting better and better, he can get more customers and more income. Additional income created will allow his to provide his family with nutritious diet and healthcare.

Abraham has a plan to expand his business. In the long term, Abraham wants to keep expanding his business supplying household items to the local community.

By strengthening this business, Abraham needs to attract more customers for his business. He can sell her products to the local people for profit.

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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.

Abraham's Community

There is no community update available at this time.

Abraham's Mid Term Update September 10, 2013

Thank you for empowering Abraham Berhanu with the opportunity to expand his retail business, where he sells household items to customers in his community. With the $250 loan Abraham was able to buy more inventory for his business.

Abraham is on his way to repaying his small business loan, as he makes weekly payments of $4. Thanks to the profits he has earned, Abraham can afford to provide healthcare, purchase food for his family and buy supplies in bulk.

Abraham hopes to provide his children with a brighter future and his two children continue to study in school.

Thank you for supporting hardworking entrepreneurs like Abraham and World Vision Micro!

Abraham's Final Update March 11, 2014

Abraham Berhanu has successfully repaid his small business loan. He invested the $250 for his retail business.

Thanks to the loan that he received, Abraham was able to use the profits from his business to provide his family with healthcare, purchase food for them, and start a new business. In the future, Abraham aspires to earn enough to start a new business and repair or expand their home.

Abraham's two children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.

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

Total Amount
$250

Amount raised

$250
$250
100%

Help Abraham

7 Donors

  • Jean
    March 04, 2013
    Contributed to 32 other loans
  • Corban
    March 08, 2013
    Contributed to 3 other loans
  • Linda
    March 09, 2013
    Contributed to 27 other loans
  • Mary
    March 11, 2013
    Contributed to 43 other loans
  • Robert
    March 12, 2013
    Contributed to 17 other loans
  • Benson
    March 12, 2013
    Contributed to 68 other loans
  • Sharon
    March 12, 2013
    Contributed to 1 other loans

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