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Xaverine is from Rwanda. She needs a loan of $525 to purchase local drinks to sell.
Xaverine Mukamugema owns a local drink stand. Currently, she does not have enough money to purchase enough local drinks to sell to earn an adequate living. Thus, she has requested a loan from World Vision in order to buy more drinks which she can sell.
Xaverine believes that this loan will help improve her business and increase her profits. She plans to use any additional profits to provide for her family. Her business goal is to expand her business and sell more drinks. Similarly, she hopes to attract regular customers and sell her drinks at a competitive price. She will use any additional income to pay for her children’s school fees. In the future, Xaverine hopes that she can become financially stable.
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 Nyaruguru is located in southern Rwanda, where the climate is temperate. Despite poor soil, most families depend on subsistence agriculture. Food insecurity and malnutrition rates are high. Some farmers grow tea, which is then sold to a nearby factory. Livestock were once a source of income, but cattle have been consistently stolen to finance the conflict in the neighboring Democratic Republic of the Congo, which was sparked by the Rwandan genocide of the 1990s.
As a result of the genocide, many children are orphaned and living in child-headed households. Families struggle to find suitable shelter; many homes lack adequate roofing and are in need of repair. Unable to afford school fees, children often abandon education and seek jobs. Though HIV and AIDS remains a serious concern, the community lacks the resources to provide adequate healthcare.
In Nyaruguru, World Vision is working to improve quality of life for community members by constructing health centers and toilets; supporting education through school supplies and financial assistance; providing building materials for houses; educating individuals about HIV and AIDS; and providing agricultural and marketing training.
With the use of this loan, Xaverine purchased more sorghum to make more sorghum drink to sell. The additional capital allowed her to improve her business and better her profits.
Xaverine is making repayment of the loan on track, and has not encountered any challenges that prevent her from repaying her loan. Xaverine would like to thank each of her donors who contributed to her loan!
Thank you for supporting the small business loan for Xaverine Mukamugema to improve her food and grocery business. She invested her loan of $525 to purchase local drinks to sell.
Xaverine has now repaid her loan in full. In addition to repaying her loan, Xaverine has used her additional income to purchase food for the family, expand the current business, and provide healthcare. Xaverine's 5 children continue to study in school.
The loan Xaverine received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Xaverine hopes to add employees and expand the current business and take out another loan. She would like to thank each of her donors who contributed to her loan! Thank you for your support of Xaverine and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.