Peter is a married man with a child. He describes himself as an honest father who wants to give his child a better future.
He has been in business for 3 years and would like to apply for a loan of 50,000 KES through SMEP DTM, which he will use to purchase chemical products for his salon. He describes his customers as his local residents. He would like to build a permanent place for his family using the profits made.
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 program 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 program was transformed into a microcredit scheme. What started as a small project has grown into a deposit taking microfinance institution that has a dream of providing many financial solutions to entrepreneurs. In future, SMEP plans to become a fully fledged Christian bank.