Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Agnes is from Kenya. She has 2 children. She needs a loan of $350 to purchase medicine.
Agnes is from Kenya. She has 2 children. She needs a loan of $350 to purchase medicine.
Agnes Ogeto lives in Soweto, Kenya. To support her family, she works as a dispensing chemist. Agnes would like to increase her current inventory and is working toward the goal of opening another branch of her shop. She wants to make the dispensing of drugs to local community members more convenient. However, she has little access to the capital she needs to invest in expanding her store.
With a loan from World Vision, Agnes will be able to sustain and grow her business in order to better support her three children. With the profits from her expanded businesses, Agnes will be able to provide for her children's educational needs and feed her family.
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.
Soweto is a large slum on the east side of Nairobi, Kenya. Home to nearly one million, residents struggle daily with the sickness, crime, hunger, and hopelessness that results from severe poverty. Many children have one or no parent. While education is free in Kenya, many children cannot attend because their families cannot afford the required uniform, shoes, and school supplies.
HIV and AIDS have left many children orphaned and vulnerable. Sometimes the oldest child finds themselves as head of the household, and sometimes relatives or neighbors step in to help care for children, making it even more difficult to rise out of poverty.
World Vision has been working in Kenya since 1965. While it has developed a community-based, integrated approach to reduce the spread of HIV and AIDS, World Vision has made improvements in all aspects of life in Soweto. Accomplishments include conducting medical check-ups for children to ensure good health; subsidizing school fees; building classrooms; constructing water tanks at schools; and providing training on business skills and entrepreneurship.
World Vision has supported microfinance in Soweto since 1996. Work means dignity. It means food, education, health care. It means survival. KADET is a World Vision-affiliated microfinance institution that seeks to increase the number of small-business owners and grow the number of people who are accessing credit resources and business training. More than sixty percent of clients are women.
Thank you for supporting a small business loan for Agnes Ogeto to expand her services and health/beauty business where she sells medicine. After receiving the loan from World Vision, she invested the $350 to purchase medicine.
Agnes has been repaying her loan on time with her new profits. She makes weekly payments of $14. In addition to repaying her loan, Agnes is using the additional income to pay school fees and expand the current business. Agnes's 2 children continue to study in school.
Agnes is grateful for the loan. She has been able to repay her loan with ease since her profits increased, and her children are well taken care of. Thank you for supporting Agnes and World Vision Micro!
Thank you for supporting the small business loan for Agnes Ogeto to improve her services and health/beauty business. She invested her loan of $350 to purchase medicine to sell.
Agnes has now repaid her loan in full. In addition to repaying her loan, Agnes has used her additional income to pay school fees and expand the current business. Agnes's 2 children continue to study in school.
The loan Agnes received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Agnes hopes to continue to send her children to school and expand the current business.
Agnes says she is a happy mother because her children are attending school without wondering how they will pay school fees. She is very grateful for the loan she received.
Thank you for your support of Agnes and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.
