Felix is 29 years old and single; he does not support anyone. He runs a retail shop in Kapkangani trading centre, in Kapsabet, Kenya. This has been his income-generating business for the past four years. He earns an average monthly income of KES 15,000.
He has borrowed a loan of KES 60,000. He intends to use the loan to purchase stock for his retail shop, including a 50 kg bag of sugar, cooking oil, six bundles of maize flour, and a bundle of wheat flour. He anticipates getting profits, which he intends use to expand his business further, by increasing more inventory items to meet his customers' demand.
Felix hopes to improve his living standard and to be able to meet his financial needs. He also hopes to save money to enable him to build himself a house and help his parents to pay school fees for his siblings. In addition, he would like to expand his business to a general goods wholesale shop.
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.