Alice, age 35, owns a posho-mill, which is a mill that grinds wheat or maize into flour. In addition, she sells cereals. She has been engaged in these ventures for the past 12 years and earns a monthly income of KES 7,000. She and her husband Tobias have three children, ages 11, 14, and 16. The family lives in the Katito area of the western region of Kenya.
Alice is requesting her second loan with Kadet Ltd. She will use her loan funds to repair her posho-mill and to buy another stock of cereals to offer for sale. She intends to apply her anticipated profits toward the education of her children, particularly to pay school fees.
Her dream is to expand her business and become a fresh produce supplier. She also hopes to modernize her posho-mill from diesel-powered to electricity-powered.
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.