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Dennis T is from Kenya. He has 1 child. He needs a loan of $375 to restock his shop.
Dennis T is from Kenya. He has 1 child. He needs a loan of $375 to restock his shop.
A father of one, Dennis runs a retail shop in Kabarnet town. A lack of funds to invest is one of the main challenges that he faces while doing his business.
With a loan from World Vision Dennis will be able to expand his business by restocking his shop and buying more items to sell. With the profits he earns he will be able to better provide for the needs of his family. In the future he hopes to continue the growth of his business so that he will eventually be able to employ some of the youth in his community.
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.
Kabarnet is located in Baringo District in the Rift Valley Province of Kenya. It is characterized by uninhabitable desert and fertile farmland, flat arid plains and steep slopes. Rural Kenyans generally live with their extended family in a cluster of huts, which provides shelter and symbolizes the closeness of the people living there. Family members typically share work responsibilities and resources as they support themselves through farming.
Children are considered a valuable resource in Kenya. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. Education is provided by the Kenyan government for children up to age 8, however, nearly 1.7 million children do not attend school because of failing economic and social systems.
With a population nearing 75,000 and 20 percent being children under 5, access to health services is limited in Kabarnet. According to the World Health Organization, the leading causes of death among children younger than 5 are pneumonia, diarrheal diseases, HIV and AIDS, and malaria. Efforts are being made to strengthen the capacity of health workers and services. To receive care, people must travel, usually on foot, at least nine miles to the nearest health center.
In Kabarnet, World Vision also focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.
Thank you for supporting a small business loan for Dennis T Rerimoi to expand his retail business where he sells shoes and shoe products. After receiving the loan from World Vision, he invested the $375 to restock his shop.
Dennis T has been repaying his loan on time with his new profits. He makes weekly payments of $15.
He is using the additional income to pay for transportation and provide more nutritious food, clothing, and healthcare for his family.
Dennis T's 1 child continues to study in school.
Thank you for supporting Dennis T and World Vision Micro!
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