Peter T. is a 35 year-old single, hardworking gentleman. He has been operating a mobile phone service, locally known as M-PESA. He also sells phone accessories to his customers, who are mostly the residents of Kahawa Wendani, where he lives.
He has been in this business for three years and earns a profit of KES.10,000 per month. He is applying for his third loan, which he plans to use to increase his M-PESA float so that he can serve his customers well. He repaid the previous loans well and in good time.
The anticipated profits he will plow back into the business
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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.