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Vestine K

Vestine is from Rwanda. She needs a loan of $425 to purchase goods for resale.

Commerce
Community:
Karaba ADP
Country:
Rwanda
other entrepreneurs here Rwanda

Summary

Vestine is from Rwanda. She needs a loan of $425 to purchase goods for resale.

  • Top Goals To purchase goods for resale
  • Dependants Helped 1
  • Number of Employees 1

Vestine's Story

Vestine lives in Taba, Rwanda and owns a business that sells products such as sugar, biscuits, and soap to members of her community. The greatest challenge for her is to find enough capital to properly run her business.

With a loan from World Vision, Vestine will be able to purchase additional goods to sell. This will enable her to improve the living conditions of her family, including her child. She hopes to continually expand her business so she can offer jobs to members of her community.

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Industry Info

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.

Vestine's Community

The community of Karaba is located on a lowland plateau in southern Rwanda, where the climate is temperate. Most of the region’s approximately 39,000 residents depend on agriculture for income, but poor soil makes it difficult for crops to thrive. As a result, 70 percent of the population lives in poverty. Families eat mostly vegetables, but many struggle to find enough food for survival.

Most homes have wooden-pole walls and dirt floors and lack toilets and sinks. Diseases such as worms and diarrhea are constant threats, and more than 94 percent of families have been affected by malaria. Approximately 600 of Karaba’s children have lost at least one parent, and the community is home to more than 350 child-headed households.

In Karaba, World Vision is assisting community members through nutrition classes, business and handicraft training, classroom construction, HIV and AIDS support, and the provision of shelter for orphans and vulnerable children.

Vestine's Mid Term Update December 23, 2011

Thank you for supporting a small business loan for Vestine Kubwimana to expand her retail and grocery business where she runs a boutique.

After receiving the loan from World Vision, she invested the $425 by buying goods for resale.

Vestine has been repaying her loan on time with her new profits. In addition to repaying her loan, Vestine is using additional income to pay school fees and purchase food for her family. Vestine's 1 child continues to study in school.

Vestine would like to thank all donors who were contributed to help her. Thank you for supporting Vestine and World Vision Micro!

Vestine's Final Update March 16, 2012

Thank you for supporting the small business loan for Vestine Kubwimana to improve her retail and grocery business. She invested her loan of $425 to purchase goods to sell.

Vestine has now repaid her loan in full. In addition to repaying her loan, Vestine has used her additional income to purchase food for the family, expand the current business, and provide healthcare. Vestine's child continues to study in school.

The loan Vestine received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Vestine hopes to add employees, expand the current business, and take out another loan.

Vestine would like to thank all the donors who contributed to help her. Thank you for your support of Vestine and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$425

Amount raised

$425
$425
100%

Help Vestine

10 Donors

  • Joyce
    September 06, 2011
    Contributed to 10 other loans
  • Maria
    September 07, 2011
    Contributed to 7 other loans
  • Tracy
    September 07, 2011
    Contributed to 19 other loans
  • Cathy
    September 19, 2011
    Contributed to 22 other loans
  • Suzanne
    September 19, 2011
    Contributed to 20 other loans
  • Nitza
    September 19, 2011
    Contributed to 20 other loans
  • Kim
    September 19, 2011
    Contributed to 34 other loans
  • Marlon
    September 19, 2011
    Contributed to 17 other loans
  • Clay
    September 19, 2011
    Contributed to 21 other loans
  • Kelly
    October 01, 2011
    Contributed to 0 other loans

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