James is 70 years old, married and supports a family of two. He runs a general merchandise shop in Kabarnet town in Baringo County. This has been his income-generating business for the last 20 years and he gets an average monthly profit of KES 36,000.
He has borrowed a loan of KES 80,000. With this loan, he intends to purchase more stock for his shop such as.maize flour, sugar and cooking fat. He anticipates getting profits that he will use to expand his business by increasing his stock to meets his clients' demand.
James hopes to improve his living standards and be financially stable. He also hopes to save money to enable him to expand his business into a general goods wholesale shop.
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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.