David Mungara Thuku

David Mungara Thuku is a 30 year old businessman who is married with two children both in schooling; one is in primary school and the other in nursery school. He is the family's sole bread winner since his wife is unemployed and he also supports his elderly parents. David is engaged in the business of selling compact discs in a strategically located stall in Nakuru town. The business has a rich clientele and he has effectively employed efficient business management skills that he acquired through training facilitated by the Ebony Foundation. He plans to open a branch in one of the sprawling estates. To realize this he is requesting a loan of USD800 which he has budgeted for as follows: USD200 to pay for a few months rent for the new premises, USD400 to buy extra stock of compact discs, and USD200 to put up shelves.
This idea will with time create employment for his wife and other people. David is hard working and will be able to repay the loan.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

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