Musa is 40 years old, married, and he supports a family of four. He runs a retail shop this has been his income-generating business for the last five years, where he gets an average monthly profit of KES 7,000.
He has borrowed a loan of KES 25,000, this being his fourth loan from Kenya Agency for Development of Enterprise and Technology (KADET), after successfully paying his previous loans. With this loan, Musa intends to purchase for his retail shop more stocks of sugar, tea leaves, washing powder, bar soap, and utensils, among other items.
He anticipates getting profits which he will use to pay school fees for his children. The remainder he will use to expand his business. Musa hopes to improve his living standard and be financially stable; he also hopes to save money to enable him to pay school fees for his children as well as to expand his business into a general wholesale shop.
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.