Magdaline is a 34-year-old businesswoman. She is married to Richard, who is a businessman, and they currently have no children. She has been running a boutique shop as a primary business and a barber shop as a secondary business for the past four years, with a monthly income of 10,000 Kenyan Shillings (KES) which she uses to support her family.
She is applying for her second loan from KADET after repaying the previous loan successfully. Magdaline will use the loan to buy more new clothes and a shaving machine. With the anticipated profit from the two businesses she will boost her business with more stock for resale.
She hopes to get enough funds to build some rental houses.
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.