DANIEL K. is a 34 yr old married truck driver with five children. His children are all in school in junior grades. They live in a small house in the suburbs of Nakuru city. Daniel is semi literate. He dropped out of school before going to high school due to lack of school fees. He was employed as a driver until two years ago when he bought a lorry with his own savings and started a transport services business. His wife does not work and he has to work hard to provide for his family maintenance and pay school fees. Daniel would like to a start a green grocer wholesale shop as a family business. His lorry will be transporting vegetables from the farms to his shop. This will help him maximize profit to increase his income. This is to pay for their children’s education especially when the two eldest join senior school next year.
Daniel requests for a US $ 1200 loan and plans to use it as follows:
US $ 1000 stocks the business
US $ 100 pay for a license
US $ 100 for decoration i.e. shelves etc
He is focused and will repay the loan.