Fred, age 30, sells second-hand and ready-made clothing items to earn an income. He has been engaged in this business for the last 10 years and generates a monthly income of KES 10,000. He lives with his wife Jael and their two small children in the Migori region, which is located in the western part of Kenya. Jael runs her own business and helps Fred in providing support for the family. Their children are two and three years old.
Fred has applied for his third loan with KADET Ltd., and he will use his loan funds to purchase more second-hand and ready-made clothing items to offer for sale. He will use the anticipated profits to boost his business.
Fred's dream is to expand the business so that he can earn enough of an income to ensure the education of his children.
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.