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.