Total loan: $1,000
Ongata-Rongai, Nairobi County, Kenya / Food
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A loan helped to open his own bakery to supply mandazis to meet demand.
John is a 40-year-old married man. He has 3 children. He describes himself as honest. He operates a retail business where he supplies bread. He has been involved in this business for over 10 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 100,000 KES loan to open his own bakery to supply mandazis to meet demand. His business goal is to have a bakery within 5 years. This is his third loan with SMEP Microfinance Bank. Previous loans were repaid successfully. He will use the anticipated profits to buy more stock of bread.