Thursday, March 16, 2017
Microloan Mercy – Bennett – Merceline 984070 – Milestone 5
A loan of $200 helped to purchase more stock of wheat flour, maize flour, sugar, and rice.
The Mercy Foundation funded a microloan to Merceline, a retail store owner in Kenya.
Merceline's story
Merceline is a married woman with three children, all of whom attend school. She lives at her own house that has electricity but no piped water. Her greatest monthly expenses are food for the family and school fees.
For the past five years, she has operated a retail shop business, selling to other residents. She faces the major challenge of stiff competition in her business. She dreams of opening another shop outlet in the future.
With the loan that she requested of KES 20,000, she wants to purchase more stock of wheat flour, maize flour, sugar and rice. She decided to join Yehu to access loans to boost her business. With a greater inventory, Merceline will be able to sell more products, and generate more profits.
So, this microloan could be a very helpful step on Merceline’s journey to get her business to become completely financially self-sufficient. In Kenya, where Merceline lives and operates her business, the average annual income is only $1,800. So, a microloan of even just $200 can be extremely helpful for entrepreneurs in the area.
Microloan Partner
The field partner for this microloan is the Yehu Microfinance Trust. The Yehu Microfinance Trust was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.
The Mercy Foundation has successfully funded this loan to Merceline! It was able to do this with the help of Yehu Microfinance Trust. Now Merceline can go and buy all of the supplies that she needs to boost her inventory. This will make her store more robust, and it can help her to expand her customer base and her profits.
The Mercy Foundation will not take any interest on this microloan. Instead the loan is purely a humanitarian offering designed to help an entrepreneur in need. However, the local field partner may take interest payment as a way to stay economically feasible. This loan has successfully been funded to the entrepreneur who needed it. However, there are still countless entrepreneurs in underserved nations who need access to capital. If you would like to fund an entrepreneur in need, please feel free to visit Kiva.org today!
Notes
1. This article is based on https://www.kiva.org/lend/984070
Mercy Foundation comes to the aid of entrepreneurs in need of capital by issuing microloans funded by donations of underutilized real estate. For more on its mission to aid micro-entrepreneurs, visit this website.
Thursday, March 9, 2017
A loan of $200 helped to buy additional items to sell like toothpaste, soap, condiments, groceries, etc.
The Mercy Foundation funded a microloan to Brenda, a household items retailer in the Philippines.
Brenda's Story
Brenda is 47 years old, married, and has seven children, two of whom attend school. Brenda works very hard to provide for them.
She runs a general store in the Philippines and requested a 8,000 PHP loan through NWTF to buy additional items to sell like toothpaste, soap, condiments, groceries, etc. Brenda has been in this business for four years now.
In the future, Brenda would like to save enough money so she can afford to send her children to college.
With the extra inventory, Brenda can sell more products and make more money. Then, she can reinvest the profits back into her business. This can help set Brenda set her business up for growth.
In the Philippines, where Brenda lives and operates her business, the average annual income is only $7,000. This means that even small microloans can have a very significant impact. With a $200 microloan, Brenda can help fuel her business’ growth to the next level of success.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The Negros Women for Tomorrow Foundation, Inc. (NWTF) is a non-governmental organization established with an aim to help men and women achieve self-sufficiency, particularly in the province of Negros Occidental’s low-income communities. The organization offers its clients a wide variety of products, including loans for micro-entrepreneurs, hospital income benefits, life insurance, accidental death benefits and more. Kiva lenders’ funds will be used to expand the reach of these products to low-income urban and rural communities.
With the help of NWTF, the Mercy Foundation has successfully funded this microloan to Brenda! Now she can purchase the supplies that she needs for her inventory. Brenda’s business will be much better off with the additional supplies. The microloan is great news for her, her family, and the members of her community who buy household items from her.
The Mercy Foundation will not receive any interest on the microloan that it provided to Brenda. Instead, it was only meant to be a humanitarian offering for an entrepreneur in need.
However, despite the fact that this microloan has now been funded, there are still many more entrepreneurs in need around the world, who desperately need access to capital. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit Kiva.org today!
Mercy Foundation liquidates donated underutilized real estate assets and uses these fund the growth of small-scale businesses in developing countries like the Philippines. Know more about the organization’s quest to empower struggling entrepreneurs on this website.
Notes
1. This article is based on https://www.kiva.org/lend/837476.
Brenda's Story
Brenda is 47 years old, married, and has seven children, two of whom attend school. Brenda works very hard to provide for them.
She runs a general store in the Philippines and requested a 8,000 PHP loan through NWTF to buy additional items to sell like toothpaste, soap, condiments, groceries, etc. Brenda has been in this business for four years now.
In the future, Brenda would like to save enough money so she can afford to send her children to college.
With the extra inventory, Brenda can sell more products and make more money. Then, she can reinvest the profits back into her business. This can help set Brenda set her business up for growth.
In the Philippines, where Brenda lives and operates her business, the average annual income is only $7,000. This means that even small microloans can have a very significant impact. With a $200 microloan, Brenda can help fuel her business’ growth to the next level of success.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The Negros Women for Tomorrow Foundation, Inc. (NWTF) is a non-governmental organization established with an aim to help men and women achieve self-sufficiency, particularly in the province of Negros Occidental’s low-income communities. The organization offers its clients a wide variety of products, including loans for micro-entrepreneurs, hospital income benefits, life insurance, accidental death benefits and more. Kiva lenders’ funds will be used to expand the reach of these products to low-income urban and rural communities.
With the help of NWTF, the Mercy Foundation has successfully funded this microloan to Brenda! Now she can purchase the supplies that she needs for her inventory. Brenda’s business will be much better off with the additional supplies. The microloan is great news for her, her family, and the members of her community who buy household items from her.
The Mercy Foundation will not receive any interest on the microloan that it provided to Brenda. Instead, it was only meant to be a humanitarian offering for an entrepreneur in need.
However, despite the fact that this microloan has now been funded, there are still many more entrepreneurs in need around the world, who desperately need access to capital. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit Kiva.org today!
Mercy Foundation liquidates donated underutilized real estate assets and uses these fund the growth of small-scale businesses in developing countries like the Philippines. Know more about the organization’s quest to empower struggling entrepreneurs on this website.
Notes
1. This article is based on https://www.kiva.org/lend/837476.
Tuesday, March 7, 2017
A loan of $225 helped to purchase more stock of clothes to sell.
The Mercy Foundation has helped fund a loan for Linet, an entrepreneur from Kenya.
Here is Linet’s Story
Living in the heart of the pulsing capital city of Nairobi, you will find a hardworking woman known as Linet. She is a woman who has built her business over a period of five years with loans. She is a visionary, and is looking to elevate her business before a heavy season. She knows that in December, her sales will he high as it is the peak period, so she wants to build up her stock before then. Her ultimate goal is to open another branch of her business within the next five years.
Linet decided to approach SMEP Microfinance Bank for a loan of Kshs. 20,000 to help her boost her business and get some more stock for sale. She intends to use the money to buy more clothes. This will make it possible for her to get some more income so that she can put money aside elevate her standard of living. Her decision to take a loan from the SMEP Microfinance Bank was inspired by noting others in her circle of friends who had benefited from the loans.
Her loan was locally administered by the SMEP Microfinance Bank, an organization that is determined to help alleviate poverty in Kenya. They work towards empowering populations that have been marginalized, and she would like to ensure that they are left in a position where they are self-sustaining.
The Mercy Foundation chose to fully fund the loan that SMEP Microfinance Bank awarded Linet through Kiva. Kiva, the SMEP Microfinance Bank, and Mercy Foundation are working together to change people’s lives. For this reason, they will continue working towards creating an excellent future for those in need.
Kiva helps to bring all these organizations together. SMEP Microfinance Bank then distribute the funds to needy individuals on the ground. All these companies work towards same goal. They all seek to empower people from lower income households, so that they may be financially independent.
Linet can make her dream come true now, and expand her business. Should you want to help an entire community, by providing funding for a single person, why not visit www.kiva.org, where you will find a long list of entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/812373
Mercy Foundation has given microloans to small-scale business operators who are vulnerable to economic struggles. The foundation vets the worthiness of these hardworking entrepreneurs and uses the liquidation of donations of underutilized real estate assets to fund the growth of microenterprises in developing countries such as Kenya and the Philippines. To know more about its beneficiaries and vision, visit its official website.
Here is Linet’s Story
Living in the heart of the pulsing capital city of Nairobi, you will find a hardworking woman known as Linet. She is a woman who has built her business over a period of five years with loans. She is a visionary, and is looking to elevate her business before a heavy season. She knows that in December, her sales will he high as it is the peak period, so she wants to build up her stock before then. Her ultimate goal is to open another branch of her business within the next five years.
Linet decided to approach SMEP Microfinance Bank for a loan of Kshs. 20,000 to help her boost her business and get some more stock for sale. She intends to use the money to buy more clothes. This will make it possible for her to get some more income so that she can put money aside elevate her standard of living. Her decision to take a loan from the SMEP Microfinance Bank was inspired by noting others in her circle of friends who had benefited from the loans.
Her loan was locally administered by the SMEP Microfinance Bank, an organization that is determined to help alleviate poverty in Kenya. They work towards empowering populations that have been marginalized, and she would like to ensure that they are left in a position where they are self-sustaining.
The Mercy Foundation chose to fully fund the loan that SMEP Microfinance Bank awarded Linet through Kiva. Kiva, the SMEP Microfinance Bank, and Mercy Foundation are working together to change people’s lives. For this reason, they will continue working towards creating an excellent future for those in need.
Kiva helps to bring all these organizations together. SMEP Microfinance Bank then distribute the funds to needy individuals on the ground. All these companies work towards same goal. They all seek to empower people from lower income households, so that they may be financially independent.
Linet can make her dream come true now, and expand her business. Should you want to help an entire community, by providing funding for a single person, why not visit www.kiva.org, where you will find a long list of entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/812373
Mercy Foundation has given microloans to small-scale business operators who are vulnerable to economic struggles. The foundation vets the worthiness of these hardworking entrepreneurs and uses the liquidation of donations of underutilized real estate assets to fund the growth of microenterprises in developing countries such as Kenya and the Philippines. To know more about its beneficiaries and vision, visit its official website.
Subscribe to:
Posts (Atom)