Boniface sells charcoal in Nairobi. He is 34 years old and single. He has been in this business for seven years now and it has been profitable. Apart from selling retail to locals, he also supplies the charcoal to various hotels and schools.
This is his first loan and he plans to use the amount to buy more stock of charcoal for sell. He wants to have enough stock so that he can meet the high demand from his customers. This will also enable him to make more income with which he will use to expand his business.
Boniface hopes to open another charcoal selling business and thereby make more income and also employ workers to sell and supply charcoal.
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.