Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Mary is from Kenya. She has 2 children. She needs a loan of $250 to increase inventor of fish to sale.
Mary sells fish at Katito Market. Currently, Mary lacks capital to boost sells of her fish business.
A World Vision loan will help to increase the supply of fish, while further developing her business productive. A loan would also gain her financial security to take care of the basic needs of her two children.
Through additional income, Mary anticipates establishing employment opportunities for others in her community.
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.
Katito is a hill in Kenya with an average elevation of 5,000 feet. Summers are warm and rainfall is irregular. There is a high rate of HIV infection in Katito. Poverty has left most families and particularly children very susceptible to disease. Lack of fresh water is a major issue. Many dams are contaminated. Some residents treat the water at home while others drink as is.
Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. With long distances between home and school and children needing to help on the farm, many do not get to attend school.
World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Mary Ondoro to expand her fish selling business. After receiving the loan from World Vision, she invested the $250 to increase her inventory of fish.
Mary has been repaying her loan on time with her new profits. She makes weekly payments of $10. She used the additional income to pay school fees and buy supplies in bulk.
Mary's 2 children continue to study in school.
Thank you for supporting Mary and World Vision Micro!
While Mary Ondoro initially invested in her business loan by purchasing additional inventory of fish to sell, she has struggled to repay her loan. Although we continued to work with Mary to help her reestablish her business, we regret to report that she has now defaulted on her loan.
Mary prays that she will someday be able to restart her business so that she can better provide for her family. Mary would like to sincerely thank all the donors who partnered with her. Please pray for Mary and her family during this difficult time.
Despite the fact that World Vision boasts a repayment rate greater than 98%, there will always be some loans that do not get fully repaid. While World Vision does everything it can to ensure that this does not happen, it is an unfortunate reality that must be recognized when providing loans to less fortunate populations.
Thank you for your understanding, and your support of World Vision Micro. If you have any questions or concerns, please feel free to call our Customer Care line at 1-888-511-6444.