100%

funded

Total loan: $600

Peter

Flag of Kenya
Bungoma, Bungoma, Kenya / Transportation

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


A loan helped to purchase an additional motorbike to increase his income.


Peter's story

Peter is a married man, with 6 children. He describes himself to be honest. He operates a bodaboda to provide transportation services. He has been in this business for 6 years.
His business is located in a busy area and his primary customers are locals. He describes his biggest business challenge to be inadequate working capital. He will use the loan in the amount of 60,000 KES to purchase an additional motorbike to increase his income.
His business goal is to have a spare parts shop within 5 years. This is his second loan with SMEP Microfinance Bank. The previous loan was repaid successfully. He will use the anticipated profits to pay school fees.