Jared O. is 20 years old and married to Millicent, and they have a three-year-old daughter. Jared runs a shoe sales business in Oile Market, an open air populous market in Kisumu City. He has been in this business for the past ten years. He buys the shoes from vendors in Nairobi, the capital city, and sells them at a profit in Kisumu, about 400 kilometres from Nairobi. He sells shoes for men and women, though men's shoes sell faster than ladies.
Jared learned about KADET Ltd from a friend who is an existing client, and this is his third loan. He is optimistic about the loan since he has had ambitions of growing the business in scale, as he can now purchase stock in large quantities. He therefore intends to use the loan to increase his shoe inventory and also to buy plastics chairs for hire.
From the profits made, he intends to buy one sewing machine for his wife who makes clothes. Jared, who describes himself as “ambitious and hardworking”, has a dream of helping his wife open a tailoring school.
About VisionFund Kenya
VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.