Total loan: $300
Ngara, Nairobi County, Kenya / Services
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A loan helped to buy more spare parts and repair tools for his garage.
Stanley is a 27-year-old married man. He has 1 child. He describes himself to be honest. He operates a garage where he sells spare parts, repairs motorcycles and motor vehicles. He has been involved in this business for 8 years. His business is located in a good area and his primary customers are locals from Ngara (Nairobi Kenya). He describes his biggest business challenge to be inadequate working capital. He will use the 30,000 KES loan to buy more spare parts and repair tools for his garage. His business goal is to have a bigger garage with more service providers for more income within 5 years. He hopes that in the future, he will be best mechanical provider in Nairobi. This is his first loan with SMEP Microfinance Bank. He will use the anticipated profits to buy more spare parts.