100%

funded

Total loan: $500

Magdalene

Flag of Kenya
Thika, Kiambu County, Kenya / Retail

Magdalene's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to purchase additional stock of flour, sugar, cooking oil and other items.


Magdalene's story

Magdaline is a 42 year old married woman. She has 3 children. She describes herself to be a team player.

She operates a retail business where she sells flour, sugar, cooking oil and other items. She has been involved in this business for 15 years. Her business is located in a busy area and her primary customers are locals.

She describes her biggest business challenge to be inflation of prices of goods. This is her first loan with SMEP Microfinance Bank. She will use the Kes 50,000 loan to purchase additional stock of flour, sugar, cooking oil and other items.

She will use the anticipated profits to improve business. Her business goal is to having another branch within 5 years.