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Emmily is from Kenya. She has 2 children. She needs a loan of $200 to buy stock of used clothes to sell.
Emmily is 54 years old and runs a small business selling used clothing. She lives in World Vision's Matete region in Kenya. Emmily has sold used clothes in this area for the last 5 years. She also has 2 employees who help her run her shop.
Emmily has requested a loan from World Vision to expand her business. With the loan she would like to buy more used clothing to sell.
Emmily has 2 children, and both are currently studying in school. She also cares for 3 additional dependents 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.
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.
Emmily Sang does not have any updates yet.