100%

funded

Total loan: $550

Stephen

Kisumu, Kisumu, Kenya / Transportation

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A loan helped to top up to buy another rickshaw.


Stephen's story

Stephen is a 31-year-old married man. He has one child. He describes himself to be ambitious.

He operates a rickshaw where he provides transportation services. He has been involved in this business for 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 KES 54,050 loan to top up to buy another rickshaw. His business goal is to have more rickshaws 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 buy another rickshaw.