Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Sylvain is from Rwanda. He needs a loan of $1,000 to purchase various goods to sell in his boutique such as: lotions, sugar, soap, powder etc. .
Sylvain is from Rwanda. He needs a loan of $1,000 to purchase various goods to sell in his boutique such as: lotions, sugar, soap, powder etc. .
Sylvain purchases various goods to sell in his boutique such as: lotions, sugar, soap, powder etc. His challenges is to get enough capital to properly run his business. A loan will enable Sylvain to improve his business.
His goal is to expand his business. The additional income he earns from the sale of his various goods business will allow him to purchase more goods to sell and he hopes this additional income will allow him to offer jobs to his community.
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.
Mudasomwa is a densely populated rural community in Rwanda. Families in this area grow crops such as sorghum, sweet potatoes, beans, and bananas. Soil quality is poor, and many families keep livestock simply to have manure to use as fertilizer.
Some homes have roofs made of iron sheets or tiles, while others are simply thatched with grass. Widows and children often live in homes with damaged walls and leaking roofs. Many children in this community live alone or care for younger siblings and are unable to attend school. Insufficient diets, unclean water, and lack of sanitary toilets and sinks increase the prevalence of diseases, including malaria, worms, and malnutrition. Health facilities in the area do not have enough supplies or staff to adequately serve the community.
World Vision is working to improve life for community members in Mudasomwa by providing vocational training, school supplies, healthcare, health education, food assistance, seeds and fertilizers, livestock, and water tanks.
Thank you for supporting a small business loan for Sylvain Nzabamwita to expand his retail business.
After receiving the loan from World Vision, he invested the $1,000 by buying lotions, sugar, soap, powder etc.
Sylvain has been repaying his loan on time with his new profits. He makes weekly payments of $31 in the Mudasomwa ADP.
In addition to repaying his loan, Sylvain is using additional income to expand the current business and provide healthcare.
Sylvain would like to thank all donors who contributed to help him.
Thank you for supporting Sylvain and World Vision Micro!
Thank you for supporting the small business loan for Sylvain Nzabamwita to improve his retail business.
Sylvain has now repaid his loan in full. In addition to repaying his loan, Sylvain has used his additional income to purchase food for his family and expand the current business and provide healthcare.
The loan Sylvain received helped his business expand and the profits he is now earning create lasting improvements in his life. In the future Sylvain hopes to add employees and expand the current business and take out another loan.
Sylvain would like to thank all donors who contributed to help him.
Thank you for your support of Sylvain and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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