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Gerardine is from Rwanda. She has 4 children. She needs a loan of $500 to purchase more spare parts to sell .
Gerardine is from Rwanda. She has 4 children. She needs a loan of $500 to purchase more spare parts to sell .
Gerardine runs a spare parts shop where she sells thing such as tires and cables. While she would like to expand her business and offer more items to her customers, she currently lacks the money to invest in her business.
Thus, Geradine has requested a loan from World Vision in order that she may invest in her business, save money for the future, and improve her quality life with the profits. Ultimately, Gerardine hopes to become financially stable.
In the future, Gerardine hopes that she will have a great life and she will be able to create jobs for others in her community.
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.
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Gerardine used her loan to purchase more spare parts to sell. She is earning a profit. Gerardine is making her loan payments on time.
Thank you for supporting the small business loan for Gerardine Mushashi to improve her retail and services business. She invested her loan of $500 by buying more spare parts to sell.
Gerardine has now repaid her loan in full. In addition to repaying her loan, Gerardine has used her additional income to pay for her children's school fees, purchase food for the family, and provide healthcare. Gerardine's 4 children continue to study in school.
The loan Gerardine received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Gerardine hopes to add employees, expand the current business, and take out another loan.
Thank you for your support of Gerardine and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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