Augustine is 40 years old and married with three children of the following ages 20, 17, and 14 years old. His spouse is a teacher and she produces additional income for the family. He runs a spare parts shop and he has been in business for 10 years with a monthly income of KES. 80,000.
He is borrowing a loan of KES. 100,000, which he plans to use to purchase motor vehicle spare parts for sale .
He plans to use the anticipated profit from the business to pay back the loan and to educate his children.
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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.