Peter, 47 years of age, is a carpenter in Nairobi town where he makes wooden furniture such as chairs, tables and beds. He is married and has five children. He has been in this business for 14 years.
He plans to use the loan to expand his business by buying more wood to make furniture. He also plans to buy nails and sandpaper among other materials. This will enable him to meet his clients' demands as well as generate more income with which he plans to buy more carpentry materials as well as improve the living standards of his family.
Having paid back his previous loans successfully, this will be his 3rd loan term with KADET Ltd. He hopes to be successful in his business and be able to provide for the needs of his family.
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.