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Vincent Ryagatonda
Name:
Vincent Ryagatonda
City:
Karaba
Country:
Rwanda
Activity:
Shop owner
Loan Use:
Purchase of products for his shop
Entrepreneur Profile
Vincent has a shop where he sells many different kinds of goods
Vincent is asking for a loan to help him overcome some of the challenges he faces in his business. One big challenge is the high cost of transportation. Vincent must travel long distances to purchase the items he sells in his store, and this travel is expensive
The loan will help him to purchase his goods closer to his community, as well as buy in bulk to save money on frequent trips. The loan will ultimately help him to expand his business and save money. He dreams that someday he will be able to buy a house.
Community Photos
Entrepreneur Location
Local Community
The community of Karaba is located on a lowland plateau in southern Rwanda, where the climate is temperate. Most of the region’s approximately 39,000 residents depend on agriculture for income, but poor soil makes it difficult for crops to thrive. As a result, 70 percent of the population lives in poverty. Families eat mostly vegetables, but many struggle to find enough food for survival.
Most homes have wooden-pole walls and dirt floors and lack toilets and sinks. Diseases such as worms and diarrhea are constant threats, and more than 94 percent of families have been affected by malaria. Approximately 600 of Karaba’s children have lost at least one parent, and the community is home to more than 350 child-headed households.
In Karaba, World Vision is assisting community members through nutrition classes, business and handicraft training, classroom construction, HIV and AIDS support, and the provision of shelter for orphans and vulnerable children.
Learn more about microfinance in Rwanda
Donors funding this loan
Julene
Cory
Greg
Roger
Gary
Erica