Peter is 46 years old and married with three children. His spouse runs a retail business which helps in producing some additional income. Peter runs a workshop in Marigat town. He has been in business for the last ten years and his monthly income from the business is KES 50,000.
He has borrowed a third loan of KES 70,000, which he intends to use to purchase more timber and other materials for his workshop.
He plans to use the additional income to plough back into the business, as well as to build a show room for furniture that he makes. He will also save some for the education of 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.