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Pierre B

Pierre is from Rwanda. He needs a loan of $850 to purchase more goods to sell in his shop .

Commerce
Community:
Maraba
Country:
Rwanda
other entrepreneurs here Rwanda

Summary

Pierre is from Rwanda. He needs a loan of $850 to purchase more goods to sell in his shop .

  • Top Goals To purchase more goods to sell in his shop
  • Number of Employees 2

Pierre's Story

Pierre Byiringiro lives in Maraba, Rwanda and he has owned a store where he sells a variety of goods. He would like to expand his shop until he is financially stable.

With his loan money he will purchase a variety of goods to increase his profitability. He is glad to be able to provide his community with his goods at a reasonable price. The additional money he earns will provide his family with their basic needs.

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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.

Pierre's Community

The community of Maraba is situated in a chain of high mountains in southern Rwanda, along a highway leading to Rusizi district. Most families depend on agriculture for income, though production is low as a result of poor farming techniques. Food shortages and malnutrition are constant concerns. The region is home to three trading centers, and arts and crafts are increasing economic opportunities.

The community’s 13 primary schools struggle with overcrowding and a lack of resources. Dropout rates are high. The region is home to only one health center, and knowledge of preventive health practices is low. Common diseases include malaria, HIV and AIDS, respiratory infections, and waterborne diseases. Fewer than one-third of residents have access to clean, drinkable water.

In Maraba, World Vision is working to improve incomes and food security by providing agricultural assistance and training. We are also helping to ensure maintenance of educational facilities, with the overall goal of increasing school enrollment.

Pierre's Mid Term Update March 19, 2011

Pierre used the loan he received to expand his store. He purchased a variety of items such as soap, body lotion, powders, etc.

Pierre hasn't been able to keep up with the repayment terms because some of his goods were stolen, however he is trying to keep up with them.

His request is to his donors if they could pray for him so that his business can re-start once again in a profitable condition. Thank you for supporting Pierre Byiringiro and World Vision Micro!

Pierre's Final Update July 09, 2011

Thank you for supporting the small business loan for Pierre Byiringiro to improve his retail business. He invested his loan of $850 by buying more goods to sell in his shop.

Pierre has now repaid his loan in full. In addition to repaying his loan, Pierre has used his additional income to purchase food for the family and provide healthcare.

The loan Pierre received helped his business expand and the profits he is now earning create lasting improvements in his life. In the future Pierre hopes to add employees and expand the current business and take out another loan.

Pierre struggled with the original repayment terms because some of his goods were stolen. However, we worked together with him because it is important to him that he act as a proper businessman and repay his loan. We restructured the loan and he has now repaid it!

Thank you for your support of Pierre and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$850

Amount raised

$850
$850
100%

Help Pierre

4 Donors

  • Jay
    October 18, 2010
    Contributed to 119 other loans
  • Neil
    October 22, 2010
    Contributed to 2 other loans
  • Susan
    November 17, 2010
    Contributed to 55 other loans
  • Paul
    November 27, 2010
    Contributed to 13 other loans

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