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Mathilde is from Rwanda. She has 4 children. She needs a loan of $850 to purchase more food products for resale.
Mathilde is from Rwanda. She has 4 children. She needs a loan of $850 to purchase more food products for resale.
Mathilde has a market stall where she sells sorghum, beans, and other foods. She would use the loan from World Vision to invest in more food to sell at the local market. Mathilde would like to grow her business into a profitable one so that she can meet the needs of her 4 children. She will use any profits to improve the quality of life for her 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 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 Mathilde Mutegarama to expand her business where she sells food staples.
After receiving the loan from World Vision, she invested the $850 by buying food products.
Mathilde has been repaying her loan on time with her new profits. She makes weekly payments of $35 in the Maraba ADP.
In addition to repaying her loan, Mathilde is using additional income to pay school fees and purchase food for the family and provide healthcare. Mathilde's 4 children continue to study in school.
Thank you for supporting Mathilde and World Vision Micro!
Thank you for supporting the small business loan for Mathilde Mutegarama to improve her business.
Mathilde has now repaid her loan in full. In addition to repaying her loan, Mathilde has used her additional income to pay school fees and purchase food for the family and provide healthcare. Mathilde's 4 children continue to study in school.
The loan Mathilde received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Mathilde hopes to add employees and expand the current business and take out another loan.
Thank you for your support of Mathilde and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
