Mwangi is 47 years old, a businessman and a farmer. He is married to Susan, who manages their retail shop. They have two children.
Mwangi has been running a retail shop and farming for the past three years. His monthly income is approximately $215, which he uses to support his family. With the loan he plans to add stock to his store, including cooking fat, wheat flour and milk, and to buy farm supplies such as fertilizer.
With the anticipated profit from their businesses he intends to construct rental houses and to expand his farming and the retail shop.
Mwangi has never borrowed from any MFI (micro-finance institution) before. He was introduced to KADET LTD through a KADET credit officer, and this is his first loan. His hopes and dreams are to own a wholesale shop, educate his children and enable them to achieve their dreams in life.
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.