John is 28 years old and married to Agnes, and they have been blessed with one child, who is 3 years old. John sells phone accessories and engages in M-PESA electronic money transfer business. He has been in business for seven years and earns a monthly income of KES 65,000.
He is borrowing a loan of KES 50,000. With the loan he plans to add to his stock of phone accessories and add some float to his M-PESA business.
John plans to pay back the loan with the anticipated profit from the business. This is his first loan. His dream is to expand his business.
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.