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Grace is from Kenya. She has 2 children. She needs a loan of $125 to buy more piglets.
Grace is a farmer that raises and sells pigs to earn a living. Her main business challenge is that she does not have enough money to purchase more piglets to raise and, therefore, sell. Her customers need more pigs and she is unable to cater to their needs.
With her loan, Grace will purchase more piglets. The loan will help her to become more stable financially and enable her to provide the basic needs for her family.
Her business goal is to sell more pigs to customers to increase her income. Grace will use her additional income to pay for her children’s education.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
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.
Thank you for supporting a small business loan for Grace to expand her farming and livestock business. She invested her loan and bought more piglets.
Grace has been repaying her loan on time with her new profits. In addition to repaying her loan, Grace is using additional income to purchase food for the animals. Grace's two children continue to study in school.
Grace is grateful the loan has helped her increase the number of piglets which has increased her income.
Thank you for supporting Grace and World Vision Micro!
While Grace initially invested her business loan by purchasing to buy more piglets, she has struggled to repay her loan. Her pigs became ill and died. Because of this situation, she fell behind on her payments. Grace 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 Grace 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.