Joyce lives in the Malindi area of Coast province, Kenya. She is a married mother of six school-going children and she owns a charcoal stall, which she has been operating for two years. She also earns some income from a salon.
Joyce learned about Milango through a friend and joined in order to access credit to improve her business operations. The challenges she is facing include a seasonal business climate and the lack of enough capital to expand the business. Joyce feels that she will be able to address the issue of business expansion by applying for this new loan.
Joyce is applying for a loan of 21,100 KES to buy an additional stock of charcoal. The extra income from the loan will be added to her savings to help her expand the business and pay for her children’s school fees.