Fredrick is 39 years old and is married. He runs a metal workshop (welding and fitting) business and has been in the business for 12 years now. His wife, who is a nursery school teacher, also provides income. They have been blessed with one child who is 4 years old.
He plans to use the loan to purchase more equipment, like bench and grinding machines. He plans to use the anticipated profits to buy a plot of land. This is his 2nd loan term and he paid his first loan successfully.
He hopes to expand his business and be able to sell ready made items, mostly machines like charcoal briquette-making machines.
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.