On 11/9/2018, a few of our Moto Hope Capital beneficiaries had the rare chance of meeting and interacting with the visiting members of the Board in Nairobi, Kenya from the US.
The board members guided by Moto Hope Capital’s Nairobi team and team leader Vincent Njuguna Kiarie met beneficiaries who were glad to share with them the impact the affordable and flexible loans have had on their businesses and lives as a whole.
Elizabeth Wambui Wangui a business lady and single mother of two school-going boys was beside herself with joy when she met the people responsible for the survival and growth of her business. She sells plastic household ware and she has so far received loans totaling $900 which has enabled her to add more stock and improve on quality and variety as she now sells handbags as well and a wider variety of houseware.
The best aspect of Moto Hope Capital she said is the fact that the loan repayment is so flexible for it has allowed her to make daily payments that are more affordable and she barely feels the pinch of taking from her daily profits. Her children are in school thanks to her business scaling positively.
Robert Runyiri Karanja, a man abled differently proved the true sign of disability not being an inability. He enjoys the growth and stability his loan has accorded his business, which is in the same line as Elizabeth’s. He works as a team of two with his wife and the business provides for their basic needs. In addition, proceeds from his business have enabled him to add electronics to his stock as well as helped sustain his cobbler business.
They also visited Christine Wairimu Mwangi a business lady who runs a Cosmetics shop selling beauty products. The mother of three is able to provide school fees for the education of her children as her business has grown from an establishment whose monthly rent was $20 to a more permanent structure of $180 monthly rent that houses more stock serving more customers.
Fr. Francis visited a group of women who rear chicken and sell to hotels upon maturity. The $700 changed their fortunes and those of others as they have created direct and indirect employment for other women improving their welfare and those of their families. He also visited a grocery shop, a Mobile money transfer agency(MPESA), and a Retail shop in the same vicinity all run by our beneficiaries, whose incomes have increased, through increased profits and business expansion.
They were able to witness firsthand the impact of an empowered woman that leads to the empowerment of generations as well as how well the mission “To Reach Out and Empower” is bearing fruit.