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Esther is from Rwanda. She needs a loan of $850 to purchase more items like pans, lotions, and powders.
Esther is from Rwanda. She needs a loan of $850 to purchase more items like pans, lotions, and powders.
Esther owns and operates her own store where she sells a variety of goods. Esther plans to use her loan to purchase more items to fill her shelves, such as pans, lotions, and powders. She hopes that increased inventory will increase her sales, too. Her main business challenge is that she does not have enough money or does not currently earn enough income to keep her shelves stocked with plenty of inventory.
Esther is confident that the loan will help her improve her and her family’s life. Her main business goal is to become financially stable and to continually earn a profit. Any additional income will be saved so that she can use it for future endeavors or future needs.
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 rural community of Nyamagabe is among the most densely populated regions in Rwanda. A large percentage of residents live in poverty, struggling to survive on poor harvests. The community suffers from an acute water shortage and poor hygiene, which lead to waterborne illnesses and diseases such as malaria and worms.
The majority of homes have roofs made of iron sheets or tiles, though some are simply thatched with grass.
Many children in child-headed households live in old, collapsing shelters that do not have lockable doors or windows. The community’s 13 primary and three secondary schools suffer from high dropout rates, as many children cannot afford school fees. Families in this region are still suffering the effects of the 1990s’ genocide that left many orphans and widows in its wake.
In order to improve livelihoods and create a sustainable future for families in Nyamagabe, World Vision is providing school supplies and constructing classrooms; building homes for orphans and vulnerable children; increasing income-generating opportunities through agricultural training and assistance; constructing water tanks; and providing HIV and AIDS care and support.
Thank you for supporting a small business loan for Esther Nyiransengiyumva to expand her retail and grocery business.
After receiving the loan from World Vision, she invested the $850 by buying more items like pots, pans, lotions, and powders.
Esther has been repaying her loan on time with her new profits. She makes weekly payments of $35 in the Nyamagabe ADP.
In addition to repaying her loan, Esther is using additional income to purchase food for the family and provide healthcare. Esther's 2 children continue to study in school.
Thank you for supporting Esther and World Vision Micro!
While Esther Nyiransengiyumva initially invested her business loan by purchasing more items like pans, lotions, and powders, she has struggled to repay her loan.
The payments became an unexpected burden for the family. Because of this, she fell behind on her payments, and over time her business failed. Esther prays that she will someday be able to restart her business so that she can better provide for her family.
Despite the fact that World Vision boasts a repayment rate greater than 98%, 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 fortunate populations.
We regret to inform you that Esther has defaulted on her loan but hope you will continue to support her by praying for her business and family. Once again, thank you for supporting World Vision Micro.
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