Total loan: $500


Embu, Embu County, Kenya / Retail

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A loan helped to purchase additional stock of phone accessories.

Benson's story

Benson is a 30-year-old married man. He has two children. He describes himself to be honest.

He operates a retail business where he sells phones and phone accessories. He has been involved in this business for seven years. His business is located in a good area and his primary customers are locals from Embu Kenya. He describes his biggest business challenge to be inadequate working capital.

He will use the KES 50,000 loan to purchase additional stock of phone accessories. His business goal is to have a bigger shop within five years. He hopes that in the future, he will be financially stable. This is his first loan with SMEP Microfinance Bank. He will use the anticipated profits to pay school fees.