Josphat is 30 years old, married, and has two children. He operates a retail business selling scrap metal, which he has been doing for four years. His business is located in a good area and his primary customers are reliable customers. He describes his biggest business challenge to be low capital.
Josphat requested his first loan from SMEP for 20,000 KES, which he will use to buy more stock of scrap metal to sell. His business goal is to expand within five years with the anticipated profits. He hopes to improve his living standards.