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Victoire is from Rwanda. She has 3 children. She needs a loan of $850 to purchase inventory to sell.
Victoire is from Rwanda. She has 3 children. She needs a loan of $850 to purchase inventory to sell.
Victoire resides in Gasaka, Rwanda, where she sells clothing and accessories in a small shop. Due to a lack of capital to invest in her business, she is facing many financial challenges.
With a loan from World Vision, Victoire will be able to purchase additional inventory for her market and become financially stable. The increased income will enable her to support her three children, improve their life, and save for the future. She also hopes to hire an employee at some point in 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.
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.
Thank you for supporting a small business loan for Victoire Mukabahizi to expand her retail business where she sells clothing and accessories. After receiving the loan from World Vision, she invested the $850 to purchase inventory to sell.
Victoire has been repaying her loan on time with her new profits. She makes weekly payments of $26. In addition to repaying her loan, Victoire is using the additional income to purchase food for the family, expand the current business, and provide healthcare. Victoire's 3 children continue to study in school.
Thank you for supporting Victoire and World Vision Micro!
Victoire Mukabahizi has successfully repaid her small business loan. She invested the $850 for her commerce business.
Thanks to the loan that she received, Victoire was able to use the profits from her business to provide healthcare and purchase food for her family. In the future, Victoire aspires to earn enough to expand her current business and take out another loan.
Victoire's three children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Victoire through World Vision! These funds are now available to help other entrepreneurs in Victoire's community.
