Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Magrate is from Kenya. She has 4 children. She needs a loan of $675 to purchase additional rice.
Magrate sells rice in her community in order to support her family. However, with trying times it's been difficult to obtain the capital she needs to both operate her business well and provide for all of her family's needs.
With a loan from World Vision, Magrate will be able to purchase the additional rice she needs to restock her supply. This will allow her to increase sales and bring in the greater income necessary to cover all of her expenses and still be able to reinvest in her business. In the future, she hopes work up to being a rice supplier within the region. This will allow her the opportunity to hire at least one other person from her community to help her run the business.
With the additional profits she earns from her increased sales, Magrate will be able to buy enough food for the family's daily consumption. She also hopes for the opportunity to cover the cost of her four children's school fees.
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 Magrate Opiyo's retail rice business through World Vision Micro. Magrate invested her small business loan of $675 to purchase additional rice to resell within her community.
She has made weekly payments of $14, and has now fully repaid her loan.
With the profits from her business, Magrate decided to expand her current business, and buy supplies in bulk.
Magrate's goal for the future is to earn enough so she can continue sending her children to school, and further expand her current business.
Magrate's four children remain in school. Because of your donation, Magrate is able to provide a better future for her children.
Thank you for providing Magrate with hope and a future through World Vision Micro. These funds are now being recycled to support another hardworking entrepreneur in the same community.