Margaret lives in the coastal town of Mombasa, Kenya. She is married and has two children. She runs an electrical and electronics workshop which has been operating for the last seven years. Margaret started the business from the little savings she had. The desire for increased credit led her to join Milango.
Margaret is applying for a loan of 95,000 Kenyan shillings to purchase stocks of electronic tax register machines and spare parts. Most businesses require tax registers in compliance with government regulations on income tax. Margaret believes the business has a bright future and that she will be able to import tax registers for sale in the future.
This business faces a challenge from inflation within the country that has reduced the purchasing power of most customers. The additional income from this business will also help Margaret buy more business assets.