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Monica is from Kenya. She has 4 children. She needs a loan of $200 to expand her lumber business.
Monica is 46 years old and runs a small business selling lumber. She lives in World Vision's Tinderet region in Kenya. Monica has sold lumber in this area for more than 5 years. She also has 1 employee who helps her run her shop.
Monica has requested a loan from World Vision to expand her business. This will allow her to sell more lumber and be better able to support her family.
Monica and her husband have 4 children, all of whom are currently studying in school.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Monica Chelangat to expand her retail, services and manufacturing business where she sells food. After receiving the loan from World Vision, she invested the $200 to expand her lumber business.
Monica has been repaying her loan on time with her new profits. She makes monthly payments of $30.
In addition to repaying her loan, Monica is using additional income to expand the current business and buy supplies in bulk. Monica's 4 children continue to study in school.
Thank you for supporting Monica and World Vision Micro!