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Eric is from Rwanda. She needs a loan of $350 to purchase lotions, soap, scissors, and toilet paper.
Eric is from Rwanda. She needs a loan of $350 to purchase lotions, soap, scissors, and toilet paper.
Eric has a shop where he sells a variety of goods. He focuses on health beauty products such as lotions, soaps, and toilet paper.
His main challenge in his business thus far is having insufficient capital to invest in his business. By receiving a loan, he will be able to more fully stock his store and provide the items his customers want.
Essentially, this loan will ensure that he is able to provide necessities for his family. The additional income will help improve living conditions for his family, and his community will benefit from access to good products.
In the future, Eric hopes to expand his business into other types of products.
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 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.
Thank you for supporting a small business loan for Eric to expand his retail business. He used his loan to purchase lotions, soap, scissors and toilet paper. By restocking his shelves, he is better able to meet his customers' needs.
In addition to repaying his loan, Eric is using additional income to purchase better food for his family and provide healthcare.
Eric would like to thank all donors who were contributed to help him. He has repaid his loan in full. These funds are now available to help another worthy entrepreneur in his community. Thank you for supporting Eric and World Vision Micro!
Eric Havugimana expanded his health and beauty business. He used his loan to purchase lotions, soap, scissors, and toilet paper.
The loan Eric received helped his business expand and the profits he is now earning create lasting improvements in his life. In the future Eric hopes to add employees to create jobs in his community. He would like to take out another loan and expand his business further.
Thank you for your support of Eric and World Vision Micro. These funds are now available to support another eager entrepreneur in the same community.
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