Stephen runs a butcher shop in one of Nairobi's estates. He is 27 years old, married and has one child, aged 3 years. He has been in this business for one and a half years and currently makes a monthly income of 22,000 Kenya Shillings.
This is his second loan term, and he will use the loan to expand his business by building a sitting shed just outside the butcher shop, in which his customers can eat boiled, fried or roasted meat. He also intends to buy chairs and tables, and more stock of meat to sell.
Stephen will use the expected profits from the expanded business to repay his loan, as well as add to his investments and open a salon for his wife.
He hopes to become a successful businessman and a responsible parent by providing for his family's basic needs.
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.