Philip is a 38-year-old, married man. He has four children with ages ranging from seven years to 18 years. He describes himself to be a social man.
He operates a van where he provides transportation services. He has been involved in this business for seven years. His business is located in a potential business area and his primary customers are local residents. He describes his biggest business challenge to be insufficient funds for improving the business.
He will use the KES 20,000 loan to pay for the repairing of the van. His business goal is to expand his business within five years. This is his second loan with SMEP Deposit Taking Microfinance Limited (SMEP DTM) after managing to successfully pay a loan of KES 10,000.