Philip is 35 years old and married to Metrine. They both support a family of five. He runs a car-washing business in Kapsabet town in Nandi County, which is served by KADET Ltd. This has been his income-generating business for the last six years; he gets an average monthly profit of 20,000 KES (Kenyan shillings).
He has borrowed a loan of 70,000 KES, this being his fourth loan after paying the previous loan successfully. He plans to use 40,000 KES to purchase a new washing machine to supplement what he currently uses. He will use the profits from the business to pay his children’s school fees and expand his business.
His dream and hope is to expand his business and enhance new technologies in his business.
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.