Peter is a single man. He has no children yet. He describes himself to be an aggressive entrepreneur. He operates a motorcycle with which he provides transportation services. In addition, he is a farmer. He has been involved in this business for 1 year and employs 2 staff members. His business is located within a shopping center and his primary customers are residents. He describes his biggest business challenge to be the high maintenance costs of his motorcycle.
He will use this KES 80,000 loan to buy a dairy cow worth KES 45,000 and a chaff cutter worth KES 35,000 for cutting grass for the cows. Peter had previously taken out a loan of KES 80,000 which he finished repaying well. His business goal is to buy more motorbikes within 5 years. He hopes that in the future, he will invest his profits by buying vans.