Peter, 52 years old, is married and has 8 children. He describes himself to be self-motivated. For the past 4 years, Peter has operated a welding business where he makes metallic doors, windows and other items. His business is located in an urban area. Peter describes his biggest business challenge to be the high cost of materials.
Peter will use this KES 40,000 loan to buy metal bars, metal sheets and other items. His business goal is to be getting tenders to supply items within 5 years. He hopes that, in the future, he will be the preferred supplier. This is Peter's second loan with SMEP DTM. His previous loan was repaid successfully. Peter will use the anticipated profits to improve his living standards.