Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Moses is from Kenya. He has 2 children. He needs a loan of $725 to purchase potatoes,cabbages and carrots .
Moses wants to expand his grocery stall. He is faced with high food prices and lack of finances.
He is requesting a World Vision micro loan to increase stock levels in his grocery stall, where he sells vegetables such as potatoes, cabbages and carrots.
Any profits will go toward improving his family's basic needs and general welfare, and to pay school fees for his two children.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% 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 Moses Mucheru to expand his grocery business. After receiving the loan from World Vision, he invested the $725 to purchase potatoes, cabbage and carrots.
Moses has been repaying his loan on time with his new profits. He makes weekly payments of $13.
In addition to repaying his loan, Moses is using additional income to pay his children's school fees and buy supplies in bulk.
Moses's two children continue to study in school.
Moses is grateful for the loan which enabled him to improve his family's living conditions.
Thank you for supporting Moses and World Vision Micro!
Moses Mucheru has successfully repaid his small business loan. He invested the $725 for his grocery business.
Thanks to the loan that he received, Moses was able to use the profits from his business to buy supplies in bulk and expand his current business. In the future, Moses aspires to earn enough to expand his current business and take out another loan.
Moses's two children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.
Thank you for investing in the power of hardworking people like Moses through World Vision! These funds are now available to help other entrepreneurs in Moses’s community.