Funded

Total loan: $525
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Michael

Kenya
Embu-town, Kenya / Used Clothing

A loan of $525 helped to purchase more bales of clothes.


Michael's story

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.



Loan details

Loan length:

14 months
Disbursed date: December 6, 2013
Facilitated by Field Partner: VisionFund Kenya

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: December 6, 2013
Facilitated by Field Partner: VisionFund Kenya