Michael, a 32-year-old married father of two in Embu, earns a living for his family by selling second-hand clothes. Due to limited income to fund his business, he has been unable to expand his business; thus, the reason he is requesting a loan from VisionFund Kenya is to enable him to purchase more bales of clothes and thus, expand his customer base. This, in return, will increase his sales and increase his profits too.
Currently, his business gives him a monthly income of 10,000 KES (Kenyan shillings). With the additional income he will earn from this improvement, he will plow it back into the business and use the rest to save for his children’s education.
In the future, Michael would like to continue to invest in his children’s future.
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.