Patrick Maingi M. has been in the business of livestock trading for 10 years. He buys livestock, rears it, and sells it later at a profit. He earns a profit of Kshs.40,000 per month. He is 40 years old and married to Kanini, and together they have five children aged between 20 years and 10 years old. The business location is in Matuu and he has many customers since his sales take place in the open air market in Matuu.
M. has no history with any other MFI and he is applying for his third loan of Kshs. 40,000 from KADET LTD after paying back the previous loans successfully. The purpose for this loan is to buy four cows to rear and sell later at a profit.
He plans to use the anticipated profit to educate his children and also provide for the basic needs of his family.
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.