Betty K. is 32 years old and married to Stephen Kiprop. They live in Kabarnet town and have four children, Cynthia, Elsi Chebet, Elly and Cathy, who are aged between 10 years and 4 years old.
Betty operates a salon in Kabarnet town and the resident of this town are her clients. She started the salon eight years ago and she gets a monthly profit of Kshs 35,000 from this business. Betty also owns a household utensils shop from which she gets a profit of Kshs 28,000 per month.
This is the only MFI from which she has borrowed funds after a friend introduced her to Kadet Ltd. Betty has borrowed a loan of Kshs 80,000 which she will use to purchase stock for the salon business, with things like shampoo, hair weaves, hair oils and others. If this loan boosts her business, she will plough back the profit into it so that it will expand.
Betty dreams of having a big business and a stable source of income. She describes herself as hard-working.
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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.