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Margaret is from Kenya. She has 7 children. She needs a loan of $850 to purchase food stock and make dining furniture repairs.
Margaret is from Kenya. She has 7 children. She needs a loan of $850 to purchase food stock and make dining furniture repairs.
Margaret supports her large family by operating a café. She is facing challenging economic times, and without investment capital to improve her business, she is losing customers. Her goal is to make improvements which will attract new customers and make her business profitable so she can make a better life for her family.
Margaret is requesting a loan from World Vision so she can make repairs to her dining room chairs and tables, and purchase more and varied food stock so she can offer a better variety of menu items. With the additional income she will earn from these improvements, she plans to continue to invest in her restaurant. She will be able to provide the daily necessities for her seven children.
In the future, Margaret plans to expand her business to include a hotel where she can offer employment to others in her community.
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.
Marafa is located in southeast Kenya. It is an impoverished community plagued by drought, high illiteracy rates, poor access to health care, and the devastating effects of HIV and AIDS. Nearly 36,000 people reside in Marafa. Main sources of income include the production and sale of charcoal. This has caused great environmental damage but in a time of food scarcity, it cannot be help. One solution is to establish tree nurseries, which could improve the natural environment and provide jobs and income.
Although enrollment in primary schools is high in Marafa, early marriages and teenage pregnancies present a challenge to girls wanting an education. Boys are affected by child labor. And because of chronic food shortages, families move from place to place in search of odd jobs, making education inconsistent. Access to clean water for drinking and irrigation is needed.
World Vision has worked hard to help the people of Marafa. Accomplishments include constructing classrooms, providing desks, sports equipment, and teaching materials. Homes were built for 30 families and food supplements were distributed to children and families.
Microfinance is helping to make a difference. The Kenya Agency for Development of Enterprise and Technology. For every $1,000 loaned, 13 jobs are created or sustained. And approximately half of loan recipients are women.
Thank you for supporting a small business loan for Margaret Jefwa to expand her her restaurant business. After receiving the loan from World Vision, she invested the $850 to purchase food stock and make repairs on the dining furniture.
Margaret has been repaying her loan on time with her new profits. She makes weekly payments of $16.
In addition to repaying her loan, Margaret is using additional income to pay her children's school fees, purchase food for her family and buy supplies in bulk. Margaret's seven children continue to study in school.
The loan has helped her run her new business smoothly and her family and herself are truly benefitting from the income generated.
Thank you for supporting Margaret and World Vision Micro!
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