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Moses M

Moses is from Kenya. He has 2 children. He needs a loan of $375 to increase the inventory in his store.

Commerce
Community:
Katito
Country:
Kenya
other entrepreneurs here Kenya

Summary

Moses is from Kenya. He has 2 children. He needs a loan of $375 to increase the inventory in his store.

  • Top Goals To increase the inventory in his store
  • Children Helped 2
  • Number of Employees 1

Moses's Story

Moses owns a store in the Katito township. He is the sole provider for his family and is responsible for meeting their basic needs of food and clothing as well as paying school fees for his children.

With a micro loan from World Vision Moses will purchase goods to sell in his store which will not only boost his profits but will also meet the needs of his community. Moses business is an asset to his community and to his personal livelihood. With this loan he will be able to insure that his store is well stocked and that he is able to provide for the needs and demands.

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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.

Moses's Community

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.

Moses's Mid Term Update October 04, 2012

Thank you for partnering with World Vision Micro to provide Moses Muga with a small loan for his retail business. Moses used his loan of $375 to restock his store and increase business.

He continues to make weekly payments of $7 on time.

With the profits he has earned from his growing business, Moses is able to expand his current business and buy supplies in bulk.

Moses's two children continue to study in school. Thanks to Moses's hard work, he will be able to provide a brighter future for his children.

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

Moses's Final Update March 21, 2013

Thank you for supporting Moses Muga's retail business through World Vision Micro. Moses invested his small business loan of $375 to restock the inventory of his store to attract customers and improve his business.

He has made weekly payments of $7, and has now fully repaid his loan.

With the profits from his business, Moses decided to expand his current business and buy supplies in bulk. Moses's goal for the future is to earn enough so he can further expand his current business and take out another loan.

Moses's two children remain in school. Because of your donation, Moses is able to provide a better future for his children.

Thank you for providing Moses with hope and a future through World Vision Micro. These funds are now being recycled to support another hardworking entrepreneur in the same community.

Total Amount
$375

Amount raised

$375
$375
100%

Help Moses

7 Donors

  • Jay
    April 05, 2012
    Contributed to 119 other loans
  • Trudy
    April 17, 2012
    Contributed to 7 other loans
  • Ben
    April 17, 2012
    Contributed to 4 other loans
  • Lowell
    April 19, 2012
    Contributed to 66 other loans
  • Stephanie
    April 19, 2012
    Contributed to 0 other loans
  • John
    April 19, 2012
    Contributed to 16 other loans
  • Tim
    April 19, 2012
    Contributed to 15 other loans

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