Pascal Nsabimana is from Gikongoro, Rwanda. He needs a loan of $550 Expanding shop through buying more products.
Pascal Nsabimana is from Gikongoro, Rwanda. He needs a loan of $550 Expanding shop through buying more products.
Pascal Nsabimana has been in business of a shop owner for the past three years, working 12 hours a day. Pascal needs his first loan from World Vision for the purpose of expanding his business through purchasing more products.
Pascal is 28 years old and is single. By using this loan, Pascal has a hope for the future by expanding his business, saving some money and paying for tuition so he can attend university.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Pascal Nsabimana is from Gikongoro, Rwanda. He needs a loan of $550 Expanding shop through buying more products.
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.
Pascal Nsabimana is from Gikongoro, Rwanda. He needs a loan of $550 Expanding shop through buying more products.
After receiving his loan, Pascal was able to buy a generator that provides power for his movie showings and his flour machine. Unfortunately, some of his materials that he uses to show his movies were burned. Regardless, Pascal is resilient and works hard to save money for a future wedding and children.
Pascal is a shop owner who used his loan to buy a generator. But his business has failed. He lost some supplies in a fire and he was also robbed. Even though his business has failed, he is thankful to all of the donors for their contributions.
Despite the fact that World Vision boasts a 98.7% repayment rate, 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 Pascal has defaulted on his loan but hope you will continue to support him by praying for his business and family. Once again, thank you for supporting World Vision Micro.
