Bibi lives in Likoni, Kenya. She is engaged and is 24 years old. Bibi owns a mobile money transfer shop which has been in operation for one year. Besides this, she also runs a book shop and a soft drink outlet. She started the business from an informal saving scheme called ‘merry go round’; a process where individuals contribute same amount and lend it to one person in turn.
She was introduced to Milango by her friends and is applying for a loan of 43,200 Kenya shillings to add to her till float, purchase books and buy more soft drinks.
Bibi’s ambition is to open other outlets and the additional income from this business will help her buy household assets. The challenge has been with the limited float; a problem she hopes will be solved by the loan she has applied for.