Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Regina is from Kenya. She needs a loan of $250 to buy additional stock of rice.
Regina, a mother of four, sells rice in Katito town. She is hardworking and wants to expand her business, but she lacks the capital to attain that goal.
A World Vision microloan will allow Regina to restock her rice inventory to sell to her local market and increase her sales volume.
The additional income, after paying her loan, will improve the family's living conditions and pay for school fees for Regina's children. Long term, Regina wants to create employment opportunities for others in her community and contribute to community development.
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.
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 Regina Magolo to expand her food and grocery business where she sells rice.
After receiving the loan from World Vision, she invested the $250 to buy additional stock of rice.
Regina has been repaying her loan on time with her new profits. She makes weekly payments of $10.
In addition to repaying her loan, Regina is using additional income to pay school fees, buy supplies in bulk, and expand the current business. Regina's 4 children continue to study in school.
Thank you for supporting Regina and World Vision Micro!