Charles is a 27-year-old married man. He describes himself as an intelligent man. Charles operates a retail store where he sells household items. He has been involved in this business for two years.
His business is located within a productive rural area and his primary customers are local residents. Charles identifies his biggest business challenge as insufficient funds for improving the business. He will use the 20,000 KES loan to buy household items.
Charles' business goal is to run a wholesale business within five years. This is his first loan with SMEP Deposit Taking Microfinance Limited.