Total loan: $325


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Mombasa, Mombasa County, Kenya / Retail

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A loan helped to buy more auto spare parts for his retail business.

Mohamed's story

Mohamed is a married man with three children. He operates a retail business where he sells auto spare parts. He has been involved in this business for over six years. His business is located in a good area and his primary customers are locals.

He describes his biggest business challenge to be inadequate working capital. He will use the KES 100,000 loan to buy additional stocks of auto spare parts. His business goal is to have a wholesale business within five years. This is his sixth loan with SMEP Microfinance Bank and previous loans were repaid successfully.