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Margaret N

Margaret is from Kenya. She has 2 children. She needs a loan of $250 to buy materials.

Services
Community:
Wema
Country:
Kenya
other entrepreneurs here Kenya

Summary

Margaret is from Kenya. She has 2 children. She needs a loan of $250 to buy materials.

  • Top Goals To buy materials
  • Children Helped 2
  • Number of Employees 2

Margaret's Story

For the last 2 years Margaret and her husband have operated her small business in the Wema region in Kenya. She provides materials to sell to customers in her community. She also has 2 employees to help her run her business.

Margaret has asked for a loan from World Vision to expand her business. She would like to buy materials to sell to increase her income and support her family.

Margaret is 36 years old and the mother of 2 children, and both of them are currently studying in school.

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Industry Info

In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.

Margaret's Community

There is no community update available at this time.

Margaret's Mid Term Update May 22, 2017

Thank you for partnering with World Vision Micro to provide Margaret Ngenia with a small loan for her retail business. Margaret used her loan of $250 to buy materials. She continues to make monthly payments of $38 on time.

With the profits she has earned from her growing business, Margaret is able to expand the current business and buy supplies in bulk.

Margaret's 2 children continue to study in school. Thanks to Margaret's hard work, she will be able to provide a brighter future for her 2 children.

Thank you for supporting Margaret's small business through World Vision Micro!

Margaret's Final Update August 21, 2017

Margaret Ngenia has successfully repaid her small business loan. She invested the $250 into her service business.

Thanks to the loan that she received, Margaret was able to use the profits from her business to expand the current business and buy supplies in bulk. In the future, Margaret aspires to earn enough to expand the current business and take out another loan.

Margaret's 2 children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.

Thank you for investing in the power of hardworking people. These funds are now available to help other entrepreneurs in Margaret's community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Margaret

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5 Donors

  • Janea
    February 02, 2017
    Contributed to 65 other loans
  • Thomas
    February 04, 2017
    Contributed to 33 other loans
  • Judi
    February 18, 2017
    Contributed to 26 other loans
  • Dan
    February 19, 2017
    Contributed to 87 other loans
  • Gary
    February 20, 2017
    Contributed to 30 other loans
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