Devota Ingabire is from Nyamagabe, Rwanda. She has 2 children. She needs a loan of $250 to purchase beans.
Devota Ingabire is from Nyamagabe, Rwanda. She has 2 children. She needs a loan of $250 to purchase beans.
Devota owns a shop where she sells beans. Her biggest problem is that she must transport her goods a long distance.
Devota will use her loan to purchase more beans, improve her business, and provide better food for her family. With the additional income from her business, she will be able to buy food for her family and eventually reduce her prices so that the community may benefit too. Devota plans to continually reinvest her profits in her business.
In the future, she hopes to own a big warehouse to store her beans and even sell them wholesale them to retailers.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Devota Ingabire is from Nyamagabe, Rwanda. She has 2 children. She needs a loan of $250 to purchase beans.
The rural community of Nyamagabe is among the most densely populated regions in Rwanda. A large percentage of residents live in poverty, struggling to survive on poor harvests. The community suffers from an acute water shortage and poor hygiene, which lead to waterborne illnesses and diseases such as malaria and worms.
The majority of homes have roofs made of iron sheets or tiles, though some are simply thatched with grass.
Many children in child-headed households live in old, collapsing shelters that do not have lockable doors or windows. The community’s 13 primary and three secondary schools suffer from high dropout rates, as many children cannot afford school fees. Families in this region are still suffering the effects of the 1990s’ genocide that left many orphans and widows in its wake.
In order to improve livelihoods and create a sustainable future for families in Nyamagabe, World Vision is providing school supplies and constructing classrooms; building homes for orphans and vulnerable children; increasing income-generating opportunities through agricultural training and assistance; constructing water tanks; and providing HIV and AIDS care and support.
Devota Ingabire is from Nyamagabe, Rwanda. She has 2 children. She needs a loan of $250 to purchase beans.
Devota Ingabire withdrew from World Vision's microfinance program without repaying her loan. Unfortunately she experienced some difficulty in repaying her loan. She is encouraged to consider re-enrolling in the microfinance program so that she can start over again.
Despite the fact that World Vision boasts a 98.7% repayment rate, 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 fortuante populations. We regret to inform you that this entrepreneur has defaulted on their loan, but hope you will continue to support them by praying for their business and family. Once again, thank you for supporting World Vision Micro!
Devota withdrew from the World Vision Micro program because of her difficulties. Her products were stolen after she was funded. She has defaulted on her loan. We hope you will continue to pray for Devota, her family and her business. Thank you again for supporting World Vision Micro!
