Total loan: $5,275

Jean Damascene

Flag of Rwanda
Gisagara, Southern Province, Rwanda / Food

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A loan helped increase working capital to meet the demand of customers.

Jean Damascene's story

The most important characteristic of an entrepreneur is the ability to take a risk. The thought of using all your savings to start a business is something that is not done by many in fear of losing everything. Jean Damascene took a risk and used all his savings as starting capital for his grocery store.

Jean Damascene started from scratch and he worked to provide his customers with the quality and quantity of his items. The business is located near one of the refugee camps in Rwanda. With great customer service at the grocery store, Jean Damascene has been able to secure a large number of loyal clients.

His main clients are the refugees and those that live near the camp. The current capacity of the store is not enough to satisfy the current demand and he wants to start supplying soap to refugees living in the camp.

A loan to him will help him increase his working capital and purchase more stock.