Milka is a 44-year-old married mother with three children; the eldest is ten and the youngest three. She describes herself as a confident and determined mother. She is applying for a KES 10,000 loan through SMEP DTM that she will use to purchase kale, onions and potatoes as stock. Her major challenge is transport costs but she can see herself in the near future having a chain of grocery stores. The profits made from the business will be used to enhance her family's welfare. This is her first application for a loan.
SMEP is a Deposit Taking Microfinance institution born out of an initiative of the National Council of Churches of Kenya (NCCK). It began as a feeding programme to feed the Mathare slum dwellers in Nairobi, Kenya. NCCK realized that the poor needed to be self-reliant and economically empowered and the feeding programme was transformed into a micro-credit scheme. What started as a small project has grown into a deposit taking micro-finance institution that has a dream of providing many financial solutions to entrepreneurs. In future, SMEP plans to become a fully fledged Christian bank.