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Damascene T

Damascene is from Rwanda. He has 4 children. He needs a loan of $675 to purchase cattle.

Commerce
Community:
Ngenda
Country:
Rwanda
other entrepreneurs here Rwanda

Summary

Damascene is from Rwanda. He has 4 children. He needs a loan of $675 to purchase cattle.

  • Top Goals To purchase cattle
  • Children Helped 4
  • Number of Employees 2

Damascene's Story

Damascene is a father of four from Ntaruka, Rwanda. He has a business selling cattle and he is in need of capital to purchase more cows.

With a loan through World Vision, Damascene will be able to purchase cattle to raise and sell for profit and generate sales. He will also be able to employ two other individuals in his local community. Additional profits created will allow him to better provide for his family and save for their future.

In the future, Damascene wants to become financially stable and create more jobs for others in his community.

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Industry Info

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.

Damascene's Community

There is no community update available at this time.

Damascene's Mid Term Update August 14, 2012

Thank you for empowering Damascene Twagirayezu with the opportunity to expand his cattle selling business. With the $675 loan Damascene was able to purchase cattle.

Damascene is on his way to repaying his small business loan, as he makes weekly payments of $14. Thanks to the profits he has earned, Damascene can afford to purchase food and improved healthcare for the family, as well as expand the current business.

Damascene hopes to provide his children with a brighter future and his 4 children continue to study in school.

Damascene extends his thanks to all donors who were helped in his business!

Thank you for supporting hardworking entrepreneurs like Damascene and World Vision Micro!

Damascene's Final Update January 29, 2013

Damascene

Thank you for supporting the small loan for Damascene Twagirayezu to improve his livestock business. He invested his loan of $675 into purchasing cattle that he can raise and sell for a profit.

Damascene has now repaid his loan in full. In addition to repaying his loan, Damascene has used his additional income to pay school fees for his children, to provide his family with healthcare, and to purchase food for his family.

Damascene's four children continue to study in school.

The loan Damascene received helped his business expand and the profits he is earning are creating lasting improvements in his life. In the future, Damascene hopes to expand his current business, take out another loan, and add employees.

Thank you for your support of Damascene and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$675

Amount raised

$675
$675
100%

Help Damascene

3 Donors

  • Bruce
    February 20, 2012
    Contributed to 44 other loans
  • Josh
    February 26, 2012
    Contributed to 3 other loans
  • Ali
    February 28, 2012
    Contributed to 0 other loans

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