Nicholas is 28 years old and married, and his children are ages three and seven years old. His wife Susan is a house wife. Nicholas buys and sells tea leaves from the local farmers, which he then sells to the Chebut tea factory for processing. He has been in operation for a period of two years, earning a monthly income of 25,000 Kenya shillings (KES).
He requests a loan of 76,000 KES as his second term loan and wishes to use this money to purchase more bags of tea leaves from the local farmers.
The profits will be used to plough back into the business, and to extend his buying centers and explore new ones. His dream is to prosper in business and educate his children to higher levels.
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.