Total loan: $275


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Kilifi, Kilifi County, Kenya / Services

Rachel's loan finished fundraising,
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A loan helped to buy more salon items to attract more customers.

Rachel's story

Rachel is a married woman. She has three children. She describes herself to be honest. She operates a salon where she provides hairdressing services . She has been involved in this business for six years. Her business is located in a good area and her primary customers are locals. She describes her biggest business challenge to be inadequate working capital.

She will use the 34,500 KES loan to buy more salon items to attract more customers. Her business goal is to have a bigger salon within five years. She hopes that in the future, she will be financially stable enough to expand her business.

This is her second loan with SMEP Microfinance Bank. The previous loan was repaid successfully. She will use the anticipated profits to pay her children's school fees.