This loan is fully funded. Find more loans like this one!
Alphonsine Mukagerasi
Name:
Alphonsine Mukagerasi
City:
Ruhengeri/Nyarutovu
Country:
Rwanda
Activity:
Selling food stuffs
Loan Use:
To purchase at wholesale more food stuffs for resale.
Entrepreneur Profile
Alphonsine Mukagirasi used to be so poor that she didn't even have food to eat, until starting her food business in 2001 changed her very life. Now Alphonsine is requesting her first loan from World Vision in order to grow her business through buying more goods for sale at a lower up-front cost.
By receiving this loan, she hopes to lower expenses and retain more profit than before and, through that profit, she will be able to save for the future and buy a house for her husband and three children aged from 2 to 8.
Mid-Term Update - April 07, 2010
Alphonsine invested her loan by purchasing a large quantity of bananas for sale. This has been a great improvement in her business' profitability. By purchasing in larger quantities, Alphonsine pays a lower up-front price.
Her only struggle has been the distances she must sometimes travel to purchase the bananas. Transportation is an expense that can eat away at her profits if she doesn't plan carefully.
Alphonsine has been, nonetheless, easily repaying her loan on time.
She would like to offer her thanks to you, the donor, for supporting her and her business.
Community Photos
Entrepreneur Location
Local Community
The community of Nyarutovu is located in a hilly area, with access to the road that leads into Kigali, Rwanda’s capital city. Families depend on crops, including passion fruit, green vegetables, and bananas, for income. The climate is characterized by three seasons—a short rainy season, a long dry season, and a long rainy season. The area is served by one small river.
More than 2,500 women in the community lost their husbands in the genocide of the 1990s and now struggle to generate income, often while dealing with the effects of HIV and AIDS. Many children in Nyarutovu live in child-headed households, eat only one meal a day, and don’t attend school.
In Nyarutovu, World Vision is constructing classrooms equipped with toilets, providing educational supplies and paying school fees, building homes for orphans and vulnerable children, ensuring that those with HIV and AIDS have access to medical care, and building water tanks for access to safe water. Learn more about microfinance in Rwanda
Donors funding this loan
Jodi Mcqueen
Anonymous
Frances
Devan
Steve
Alice
Carolyn
Stephanie