Malachi is a married man. He has 1 child. He describes himself as influential and honest. He operates a transport business where he transports customers using his motorcycle. He also owns a retail shop where he sells household goods.
He has been involved in this business for 5 years. His primary customers are local residents. He describes his biggest business challenge as insecurity and inflation of prices.
He will use the KES 100,000 loan to buy spare parts for his motorcycle and add stocks of bread, milk and other household goods for his retail shop. His business goal is to open a supermarket within 5 years. He hopes that in the future he will own a business premise. He will use the anticipated profits to invest in other areas. Previously he owned a butchery. This is his second loan with SMEP DTM. His previous loan of KES 250,000 was repaid successfully.