Erastus is 27 years old and married to Millicent. They have two children, aged one and three years. Erastus owns a cereals shop. He has been in business for a period of three years, earning a monthly income of KES.12,300.
He is borrowing KES 50,000 from KADET LTD. This is his second loan. He intends to purchase bags of dry maize, beans, peas, rice, millet and sorghum. The profits will be used to expand the business.
He wishes to own a wholesale shop in the future.
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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.