Vincent Ryagatonda is from Karaba, Rwanda. He needs a loan of $700 Purchase of products for his shop.
Vincent Ryagatonda is from Karaba, Rwanda. He needs a loan of $700 Purchase of products for his shop.
Vincent has a shop where he sells many different kinds of goods
Vincent is asking for a loan to help him overcome some of the challenges he faces in his business. One big challenge is the high cost of transportation. Vincent must travel long distances to purchase the items he sells in his store, and this travel is expensive
The loan will help him to purchase his goods closer to his community, as well as buy in bulk to save money on frequent trips. The loan will ultimately help him to expand his business and save money. He dreams that someday he will be able to buy a house.
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.
Vincent Ryagatonda is from Karaba, Rwanda. He needs a loan of $700 Purchase of products for his shop.
The community of Karaba is located on a lowland plateau in southern Rwanda, where the climate is temperate. Most of the region’s approximately 39,000 residents depend on agriculture for income, but poor soil makes it difficult for crops to thrive. As a result, 70 percent of the population lives in poverty. Families eat mostly vegetables, but many struggle to find enough food for survival.
Most homes have wooden-pole walls and dirt floors and lack toilets and sinks. Diseases such as worms and diarrhea are constant threats, and more than 94 percent of families have been affected by malaria. Approximately 600 of Karaba’s children have lost at least one parent, and the community is home to more than 350 child-headed households.
In Karaba, World Vision is assisting community members through nutrition classes, business and handicraft training, classroom construction, HIV and AIDS support, and the provision of shelter for orphans and vulnerable children.
Vincent Ryagatonda is from Karaba, Rwanda. He needs a loan of $700 Purchase of products for his shop.
Vincent used his loan in his business through purchasing various products for his store such as: Cosmetic products, sugar, rice and so on.
He is improving in his business because he attracts more customers and he is able to sort out his family problems and business problems as well. He is paying the loan back on time.
He is deeply thankful to all donors for their contribution in his business and may God bless them for their deeds. Thank you for supporting Vincent and World Vision Micro!
Vincent made good profits from the use of his loan. He invested it in purchasing goods for his store. He was even able to build his own house.
Vincent has repaid his loan in full. He gives thanks to all the donors who contributed. Those loan funds are now available to help another worthy entrepreneur in his community. Thank you for supporting Vincent and World Vision Micro!
