Daniel is 50 years old, married, and supports a family of ten. He runs a retail shop (kiosk) and this has been his income-generating business for the last five years. He gets an average monthly income of KES. 10,000.
He has borrowed a loan of KES. 30,000, and with this loan he intends to buy tea leaves, two cartons of salt, and maize flour for sale.
He anticipates getting profits which he will use to expand his business by increasing his inventory to meet his clients' demand.
Daniel hopes to improve his living standards and be financially stable; he also hopes to save money to enable him to pay school fees for his children as well as expanding his business to a general goods 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.