Lawrence, now 32 years old, used his previous loan to expand his mobile phone business. He bought phones to sell, and it has been profitable. Besides the mobile phone business, he also sells electronics, such as radios and television sets.
This being his third loan term with KADET Ltd., Lawrence plans to use this loan to buy more stock of electronics, such as radios and television sets. He will also buy more stock of phones and phone accessories, which include phone batteries, chargers and phone covers, as well as memory cards. He will use the anticipated profits to open another electronics sales business. He hopes to become a supplier for electronics to various traders in the area.
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.