BigDent by the numbers
Here are the BigDent statistics for the second quarter of 2016:
Total number of women and men helped to date: 5,174 (grew another 6% this past quarter)
Total number of people with loans outstanding: 1,419
Number of new entrepreneurs this quarter: 360 (27% increase from last quarter)
Number of people helped with new loans this quarter: 148
Number of potential new business owners in training: 617
Number of new business accountability groups this quarter: 5 (there are 245 groups meeting for loan repayment, spiritual encouragement, savings and ongoing business coaching)
Total amount of money SAVED by clients to date: $549,836 (8% increase from the previous quarter)
Number of people who completed training and are awaiting first loans: 391
Number of people waiting for subsequent loans: 1,836 (47% jump from the previous quarter.)
Outstanding loan balance: $585,399
Total amount of funds loaned out this quarter: $184,149
Loan repayment rate: 90%
Number of business owners this quarter who reached a point of business sustainability and no longer need a loan: 88 |
Paulina lives in Lodwar, Turkana, with her children. When her husband left her for another woman, Paulina had to provide for her children solely through her own business. She operates a small kiosk where she sells various household items and goods. Her business was not big enough to support her family, so Paulina joined a Missions of Hope accountability group in 2014 and took her first loan to invest in more stock for her business. As a result, she has finally been able to provide for her children’s needs. She has taken a second loan of almost $700 to purchase a motorbike so she can transport her goods to a wider area. Paulina is very grateful for how MOHI and Big Dent have helped her turn her life around.
Teresiah lives in the Kosovo community in Mathare Valley with her husband and two children. She operates a beauty salon, but was struggling to pay her children’s school fees. She joined a Missions of Hope group several years ago and is currently making the last payments on her fourth loan. Since she has been with MOHI she has grown her business and has employed two women to assist her. Her children are in school and their school fees are paid in full. Teresiah is also supplying health and beauty products to other small salons in her area. She is very grateful for how these loans have helped her grow her business.
Ewoi lives outside Lodwar in a displaced persons camp. He was dislocated from his home during the 2007 election violence and fled with his wife and six children to Lodwar. Since then he has struggled to provide for his family through his second-hand clothing shop in the town market. He joined Missions of Hope in 2014 and helped establish his self-help group, Kibongu. Ewoi took his first loan immediately to pay his children’s school fees. He has paid off that loan and is now taking his second loan to expand his business.
Moses lives in Dandora with his wife and two children. He used to work for a shoe manufacturer, but his salary was low and he felt that he could open his own business and generate more income. He joined Missions of Hope a few years ago and, after saving some money, he was able to take his first loan to purchase all the materials he would need to open his own shoe shop. Since that time his business has been growing and Moses has been able to care for his family. He is so grateful for how this loan has affected his life and is hoping to take more BigDent loans from Missions of Hope soon.
