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Shem is from Kenya. He needs a loan of $675 to purchase a motorcycle.
Shem is from Kenya. He needs a loan of $675 to purchase a motorcycle.
Shem provides for his family by operating a transportation business in Kisumu, Kenya. He is facing the challenge of rising fuel costs, which cause him to have to raise his fees. It has been difficult to keep his small business sustainable, and Shem is in need of investment capital to expand. This would make his business more profitable and allow Shem to improve living conditions for his family.
Shem is requesting a loan from World Vision so he can purchase another motorcycle. With the additional income he will earn from this improvement, he will be able to provide the daily necessities for his two children. Shem plans to continue to invest in his business. In the future, he hopes to have a large transportation company, providing jobs and a vital service to his community.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Shem Ochuka to expand his services and transportation business where he operates a transportation business. After receiving the loan from World Vision, he invested the $675 to purchase a motorcycle.
Shem has been repaying his loan on time with his new profits. He makes weekly payments of $14. In addition to repaying his loan, Shem is using his additional income to maintain or repair equipment and expand the current business. Shem's 2 children continue to study in school.
Shem is doing well and keeping his bike in good condition, and he is very grateful for the loan.
Thank you for supporting Shem and World Vision Micro!
Shem Ochuka has successfully repaid his small business loan. He invested the $675 for his services business.
Thanks to the loan that he received, Shem was able to use the profits from his business to maintain or repair equipment and expand the current business. In the future, Shem aspires to earn enough to start a new business and expand the current business.
Shem's 2 children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.
Thank you for investing in the power of hardworking people. These funds are now available to help other entrepreneurs in Shem’s community.
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