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Lucien T

Lucien is from Rwanda. He needs a loan of $1,025 to purchase more dry goods to sell, such as beans and rice.

Commerce
Community:
Nyarutovu ADP
Country:
Rwanda
other entrepreneurs here Rwanda

Summary

Lucien is from Rwanda. He needs a loan of $1,025 to purchase more dry goods to sell, such as beans and rice.

  • Top Goals To purchase more dry goods to sell, such as beans and...
  • Number of Employees 3

Lucien's Story

Lucien owns a small shop where he sells a variety of things, including household goods and dry foods, such as rice and beans. He has requested a loan from World Vision in order to restock his store as he believes that this loan will increase his business profits.

With the profits he hopes to earn from his business, Lucien intends to improve the life of his family by helping meet their basic needs. In the future, Lucien hopes to purchase another motorcycle for the delivery of his goods. Moreover, he would also like to create additional jobs for those in his community.

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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.

Lucien's Community

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.

Lucien's Mid Term Update June 23, 2011

Thank you for supporting a small business loan for Lucien Twagirayezu to expand his food, grocery and transportation business where he sells selling food. After receiving the loan from World Vision, he invested the $1,025 to purchase more dry goods to sell, such as beans and rice.

Lucien has been repaying his loan on time with his new profits. He makes weekly payments of $25 .

In addition to repaying his loan, Lucien is using additional income to purchase food for the family and provide healthcare.

Thank you for supporting Lucien and World Vision Micro!

Lucien's Final Update November 10, 2011

Thank you for supporting the small business loan for Lucien Twagirayezu to improve his many businesses. He invested his loan of $1,025 by buying more dry goods to sell, such as beans and rice.

Lucien has now repaid his loan in full. In addition to repaying his loan, Lucien has used his additional income to purchase food for the family and expand the current business and provide healthcare. Lucien's 1 child continues to study in school.

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

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

Total Amount
$1,025

Amount raised

$1,025
$1,025
100%

Help Lucien

12 Donors

  • Anonymous
    January 21, 2011
    Contributed to 10 other loans
  • Ron
    January 25, 2011
    Contributed to 1 other loans
  • Jennifer
    January 25, 2011
    Contributed to 2 other loans
  • Elizabeth
    January 25, 2011
    Contributed to 9 other loans
  • Stanley
    January 26, 2011
    Contributed to 1 other loans
  • Christy
    January 29, 2011
    Contributed to 26 other loans
  • Larry
    January 31, 2011
    Contributed to 3 other loans
  • Steven
    January 31, 2011
    Contributed to 10 other loans
  • Suzanne
    February 02, 2011
    Contributed to 7 other loans
  • Matthew
    February 03, 2011
    Contributed to 25 other loans
  • Robin
    February 03, 2011
    Contributed to 0 other loans
  • Duncan
    February 03, 2011
    Contributed to 11 other loans

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