Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Edward is from Kenya. He needs a loan of $950 to add more stock to his business.
Edward lives with his family in Kibogo. He owns a retail shop. He would like to increase his income to help meet the needs of his three children and to pay their school fees. His main goal is ensure that his business is stable.
A loan would enable him to stock his shop and make it a wholesale shop. High fuel costs have made transporting good to his shop a challenge. "High cost of living has made prices of goods to go high and when a client comes and finds the price of commomdities increased, they always complain," says Edward.
The additional income will help him create job opportunities in the community and also better meet his family's needs without much struggle.
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.
Katito is a hill in Kenya with an average elevation of 5,000 feet. Summers are warm and rainfall is irregular. There is a high rate of HIV infection in Katito. Poverty has left most families and particularly children very susceptible to disease. Lack of fresh water is a major issue. Many dams are contaminated. Some residents treat the water at home while others drink as is.
Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. With long distances between home and school and children needing to help on the farm, many do not get to attend school.
World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Edward Auma to expand his retail and grocery business.
After receiving the loan from World Vision, he invested the $950 to add more stock to his business.
Edward has been repaying his loan on time with his new profits. He makes weekly payments of $19.
In addition to repaying his loan, Edward is using additional income to buy supplies in bulk and expand the current business. Edward's 3 children continue to study in school.
With the loan, Edward was also able to buy a motorcycle which will help him with the transportation of his goods. He says he is grateful to all who lend toward his business.
Thank you for supporting Edward and World Vision Micro!
Thank you for supporting the small loan for Edward Auma to improve his retail and grocery business. He invested his loan of $950 to add more stock to his business.
Edward has now repaid his loan in full. In addition to repaying his loan, Edward has used his additional income to buy supplies in bulk and expand the current business. Moreover, Edward's 3 children continue to study in school.
The loan Edward received helped his business expand and the profits he is earning have created lasting improvements in his life. In the future Edward hopes to start a new business and expand the current business.
Thank you for your support of Edward and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.