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Fatte M

Fatte is from Ethiopia. She needs a loan of $175 to buy in bulk amounts.

Commerce
Community:
Kemisse
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Fatte is from Ethiopia. She needs a loan of $175 to buy in bulk amounts.

  • Top Goals To buy in bulk amounts

Fatte's Story

Fatte sells herbs and spices. She plans to grow her business with this loan from World Vision. Until now, she has only been able to buy and sell in small amounts. Retail business will be more profitable for her when she can buy larger amounts of her products to avoid the undesirable effects of price fluctuation.

She wants to grow her business further and repay her loan. She will also save some money to meet her future needs.

Fatte is healthier now that she can afford better food. The community in the area will benefit from herbs and spices she sells in the market.

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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.

Fatte's Community

There is no community update available at this time.

Fatte's Mid Term Update October 29, 2012

Thank you for empowering Fatte Muhe with the opportunity to expand her small business where she sells herbs and spices at the local market. With the $175 loan Fatte was able to buy more herbs and spices in bulk.

Fatte is on her way to repaying her small business loan, as she makes weekly payments of $3. Thanks to the profits she has earned, Fatte can afford to purchase food for her family, provide healthcare and do home repairs.

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

Fatte's Final Update April 29, 2013

Fatte

Thank you for supporting the small loan for Fatte Muhe to improve her retail business where she sells herbs and spices at the local market. She invested her loan of $175 to buy more herbs and spices in bulk amounts.

Fatte has now repaid her loan in full. In addition to repaying her loan, Fatte has used her additional income to buy supplies in bulk, purchase food for her family and provide them with healthcare.

The loan Fatte received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Fatte hopes to send her children to school, expand her current business and repair or expand their home.

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

Total Amount
$175

Amount raised

$175
$175
100%

Help Fatte

7 Donors

  • Diane
    April 24, 2012
    Contributed to 29 other loans
  • Natalie
    April 24, 2012
    Contributed to 21 other loans
  • Diane Y
    April 24, 2012
    Contributed to 28 other loans
  • Trinity
    April 24, 2012
    Contributed to 51 other loans
  • Shelby S
    April 24, 2012
    Contributed to 20 other loans
  • Linda Km
    April 25, 2012
    Contributed to 15 other loans
  • Cheryl A
    April 25, 2012
    Contributed to 30 other loans

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