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Vincent is from Kenya. He needs a loan of $350 to buy another motorbike for Boda Boda services.
Vincent is from Kenya. He needs a loan of $350 to buy another motorbike for Boda Boda services.
Vincent runs a boda-boda (motorcycle taxi) transport service and also does welding.
The area where he operates his boda-boda motorcycle taxi is quite rural. There are many customers dependent on a boda-boda to travel from their homes to nearby villages since there are no matatu (buses). Unfortunately, he loses many opportunities to earn income because he only has one motorbike. By purchasing another motorbike, he can serve more customers.
He hopes someday to operate a matatu (motor bus) business on top of the boda-boda services
The additional income will help him invest to also improve the welding business. This will also increase his income level, and this will improve his family standard of living.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
Riruta is in the Nairobi area of Kenya. The climate is moderate and the differences between seasons is minimal. It is a lower income area where the income is earned from industrial labor, construction, household chores, small scale trading and vocation work such as carpentry, masonry, and tailoring. More than 65,000 people live in Riruta.
Rural Kenyans generally live with their extended family in a cluster of huts, which provides shelter and symbolizes the closeness of the people living there. Family members typically share work responsibilities and resources as they support themselves through farming.
Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. Education is provided by the Kenyan government for children up to age 8, however, nearly 1.7 million children do not attend school because of failing economic and social systems.
World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
The client defaulted on the loan and refused to comment on his progress
Despite the fact that World Vision boasts a 97.0% 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!
The client defaulted on the loan and refused to give us any feedback. The group also defaulted and we had to clear the group arrears from the savings they had with us because they became hostile and difficult to handle.
Despite the fact that World Vision boasts a 97.0% 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!
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