Marie Rose Nyiranteziryayo is from Nyamagabe, Rwanda. She has 1 child. She needs a loan of $525 to buy more merchandise to sell.
Marie Rose Nyiranteziryayo is from Nyamagabe, Rwanda. She has 1 child. She needs a loan of $525 to buy more merchandise to sell.
Nyiranteziryayo is a store owner. She sells different items such as salt, soaps, rice, sugar, and cooking oil. With a new loan, Nyiranteziryayo will be able to buy more mercahndise for sale. Niranteziryayo plans to save part of the profits for her children’s future and expand her business. She also hopes to create new jobs for the people in her community. Nyiranteziryayo is twenty-two-years-old; she is married and she has one child.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs entrepreneur 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.
Marie Rose Nyiranteziryayo is from Nyamagabe, Rwanda. She has 1 child. She needs a loan of $525 to buy more merchandise to sell.
The rural community of Nyamagabe is among the most densely populated regions in Rwanda. A large percentage of residents live in poverty, struggling to survive on poor harvests. The community suffers from an acute water shortage and poor hygiene, which lead to waterborne illnesses and diseases such as malaria and worms.
The majority of homes have roofs made of iron sheets or tiles, though some are simply thatched with grass.
Many children in child-headed households live in old, collapsing shelters that do not have lockable doors or windows. The community’s 13 primary and three secondary schools suffer from high dropout rates, as many children cannot afford school fees. Families in this region are still suffering the effects of the 1990s’ genocide that left many orphans and widows in its wake.
In order to improve livelihoods and create a sustainable future for families in Nyamagabe, World Vision is providing school supplies and constructing classrooms; building homes for orphans and vulnerable children; increasing income-generating opportunities through agricultural training and assistance; constructing water tanks; and providing HIV and AIDS care and support.
Marie Rose Nyiranteziryayo is from Nyamagabe, Rwanda. She has 1 child. She needs a loan of $525 to buy more merchandise to sell.
Marie Rose used her loan from World Vision to purchase rice, corn flour, and cooking oil. She was also able to get food for her family and offer cheaper prices to her community.
Unfortunately, however, over time her business failed and she was unable to pay back the remainder of her loan. Marie Rose prays that she will soon be able to restart her business so that she can provide for her family.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations. We regret to inform you that this entrepreneur has defaulted on their loan, but hope you will continue to support them by praying for their business and family. Once again, thank you for supporting World Vision Micro!
Marie Rose was a shop owner who used her loan to purchase products needed by her customers. She has failed in her business and is late in repaying her loan. She is thankful to all of the donors in spite of her failing.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations. We regret to inform you that Marie Rose has defaulted on her loan, but hope you will continue to support her by praying for her business and family. Once again, thank you for supporting World Vision Micro!
