Margaret is a resident of Malindi, in Kenya. She owns rental houses and has been in this business for the past three years. Margaret is married and has three school-going children.
Margaret was introduced to Milango by her friends, and she joined to access credit for business operations. She is applying for a loan of 41,900 Kenyan shillings, to complete the construction of one of her rental houses, and to buy cement and paint to renovate her other houses. The challenge in the current business has been delays by tenants in paying their rent.
The additional income from investing the loan in her business, will help her continue paying the required school fees for her children.