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Beatrice is from Kenya. She has 1 child. She needs a loan of $200 to buy more stock of shoes.
Beatrice is 22 years old and runs a small business selling catalog shoes. She lives in World Vision's Kabarnet region in Kenya. Beatrice has sold catalog shoes in this area for the last 2 years.
Beatrice has requested a loan from World Vision to expand her business. With the loan, she would like to buy more shoes to sell to her customers.
Beatrice and her husband have 1 child. She also cares for 1 additional dependent in her home.
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.
Kabarnet is located in Baringo District in the Rift Valley Province of Kenya. It is characterized by uninhabitable desert and fertile farmland, flat arid plains and steep slopes. 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 in Kenya. 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.
With a population nearing 75,000 and 20 percent being children under 5, access to health services is limited in Kabarnet. According to the World Health Organization, the leading causes of death among children younger than 5 are pneumonia, diarrheal diseases, HIV and AIDS, and malaria. Efforts are being made to strengthen the capacity of health workers and services. To receive care, people must travel, usually on foot, at least nine miles to the nearest health center.
In Kabarnet, World Vision also focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Beatrice Maina to expand her clothing and retail business. After receiving the loan from World Vision, she invested the $200 to buy more stock of shoes to sell.
Beatrice has been repaying her loan on time with her new profits. She makes monthly payments of $26.
In addition to repaying her loan, Beatrice is able to expand the current business and buy supplies in bulk. Beatrice's 1 child continues to study in school.
Thank you for supporting Beatrice and World Vision Micro!