Philip is thirty-three years old, married, and supports a family of three. He is a mobile phone technician, and has been doing phone repairs for the last eight years. His monthly income is KES 35,000.
He has applied for his third loan of KES 60,000 from KADET Ltd. He intends to use the loan to purchase more phones and their accessories so that he can do repairs for his growing client base.
This will boost his sales and income. The anticipated profits will be used to support his services to run smoothly. His future dreams is to improve his family's living standards.
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.