Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Pierre is from Rwanda. He needs a loan of $850 Purchase of soldering materials.
Pierre's business is soldering, making doors and windows. With a loan he will be able to purchase more soldering materials and expand his business. He wants those in his business area to be able to buy his products at a reasonable price.
Pierre has hopes for an improved life for his family.
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.
The community of Nyarutovu is located in a hilly area, with access to the road that leads into Kigali, Rwanda’s capital city. Families depend on crops, including passion fruit, green vegetables, and bananas, for income. The climate is characterized by three seasons—a short rainy season, a long dry season, and a long rainy season. The area is served by one small river.
More than 2,500 women in the community lost their husbands in the genocide of the 1990s and now struggle to generate income, often while dealing with the effects of HIV and AIDS. Many children in Nyarutovu live in child-headed households, eat only one meal a day, and don’t attend school.
In Nyarutovu, World Vision is constructing classrooms equipped with toilets, providing educational supplies and paying school fees, building homes for orphans and vulnerable children, ensuring that those with HIV and AIDS have access to medical care, and building water tanks for access to safe water.
Thank you for supporting a small business loan for Pierre Muhayifeza to expand his manufacturing and repair business where he sells soldering business. After receiving the loan from World Vision, he invested the $850 purchase of soldering materials.
Pierre has been repaying his loan on time with his new profits. He makes weekly payments of $26 .
In addition to repaying his loan, Pierre is using additional income to purchase food for the animals, pay school fees and purchase food for the family. Pierre's 1 child continues to study in school.
Thank you for supporting Pierre and World Vision Micro!
Thank you for supporting the small loan for Pierre Muhayifeza to improve his manufacturing and repair business. He invested his loan of $850 purchase of soldering materials.
Pierre has now repaid his loan in full. In addition to repaying his loan, Pierre has used his additional income to pay school fees, expand the current business and provide healthcare.
Pierre's 1 child continues to study in school.
The loan Pierre received helped his business expand and the profits he is earning create lasting improvements in his life. In the future Pierre hopes to add employees, expand the current business and take out another loan.
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.