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Emma is from Kenya. She has 2 children. She needs a loan of $450 to purchase more clothes to sell.
For more than 5 years Emma has operated her small business in the Matete region in Kenya. She sells clothes to customers in her community.
Emma has asked for a loan from World Vision to expand her business. She would like to purchase more clothes to sell to support her family.
Emma is 39 years old and the mother of 2 children, and both 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.
World Vision initiated a partnership with the 59,000 residents of the Matete community in October 2007, beginning with a thorough assessment and project design phase. People from the region identified their greatest needs to be food security, education, HIV and AIDS response, and health and sanitation. Today, they have access to microfinance loans.
Many entrepreneurs in the developing world are unable to access loans from traditional banks because they lack collateral or credit history. World Vision’s economic development activities help families by providing loans and financial services that allow the enterprising poor to access capital, markets, training, and new technology. As a result, parents are better able to build their business and provide for their children.
Emma Ndirangu does not have any updates yet.