Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Vincent is from Rwanda. He needs a loan of $1,100 to purchase cosmetics and related products .
Vincent earns a living by selling cosmetics and related products. He has the desire to improve living conditions for himself and his family, but lacks the capital he needs to grow his business. He wants to make his business more profitable so he can have more financial stability in the future.
With a loan from World Vision, Vincent plans to increase his inventory of cosmetics and other products. With the additional income he will earn from this improvement, he plans to reinvest in his business and eventually be able to offer jobs to others in his community. He also hopes to start saving for the future.
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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Thank you for supporting a small business loan for Vincent Sinamenye to expand his retail business where he sells cosmetics.
After receiving the loan from World Vision, he invested the $1,100 to purchase cosmetics and related products.
Vincent has been repaying his loan on time with his new profits. He makes weekly payments of $21.
In addition to repaying his loan, Vincent is using additional income to purchase food for the family and provide healthcare.
Thank you for supporting Vincent and World Vision Micro!
Thank you for supporting the small loan for Vincent Sinamenye to improve his retail and health/beauty business. He invested his loan of $1,100 to purchase cosmetics and related products.
Vincent has now repaid his loan in full. In addition to repaying his loan, Vincent has used his additional income to purchase food for his family, expand the current business and provide his family with healthcare.
The loan Vincent received helped his business expand, and the profits he is earning create lasting improvements in his life. In the future, Vincent hopes to hire more employees, expand the current business and take out another loan.
Vincent is thankful to all of the donors.
Thank you for your support of Vincent and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.