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Diribe R

Diribe is from Ethiopia. She has 4 children. She needs a loan of $125 to expand her small restaurant business.

Commerce
Community:
(Hidabu) Abote
Country:
Ethiopia
other entrepreneurs here Ethiopia

Summary

Diribe is from Ethiopia. She has 4 children. She needs a loan of $125 to expand her small restaurant business.

  • Top Goals To expand her small restaurant business
  • Children Helped 4

Diribe's Story

Diribe, a mother of four children, is in a good position to change her life style. She has good rapport with her customers. “The local people like my business...I want to move it forward to earn more income,” she said. Diribe faces a serious financial shortage. “If I get money I can run this business properly."

A World Vision micro loan will help Diribe put the money into expanding her restaurant. In the future, she dreams of having a cafeteria that can help her get more income and create jobs for her community.

The added income will allow her basic living conditions to improve.

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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.

Diribe's Community

There is no community update available at this time.

Diribe's Mid Term Update October 08, 2012

Thank you for partnering with World Vision Micro to provide Diribe Regasa with a small loan for her food and services business. Diribe used her loan of $125 to expand her small restaurant business. She continues to make weekly payments of $2 on time.

With the profits she has earned from her growing business, Diribe is able to purchase food for the family, buy supplies in bulk and purchase equipment.

Diribe's 5 children continue to study in school. Thanks to Diribe’s hard work, she will be able to provide a brighter future for her 5 children.

Thank you for supporting Diribe's small business through World Vision Micro!

Diribe's Final Update April 08, 2013

Diribe

Thank you for supporting the small loan for Diribe Regasa to improve her restaurant business. She invested her loan of $125 to expand her small restaurant business.

Diribe has now repaid her loan in full. In addition to repaying her loan, Diribe has used her additional income to pay her children's school fees, provide her family with healthcare and do home repairs.

Diribe's four children continue to study in school.

The loan Diribe received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Diribe hopes to expand her current business, take out another loan and repair or expand their home.

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

Total Amount
$125

Amount raised

$125
$125
100%

Help Diribe

1 Donors

  • Sheridan
    April 09, 2012
    Contributed to 0 other loans

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