100%

funded

Total loan: $3,625

Solemba Self-Help Group

Bungoma, Bungoma, Kenya / Clothing

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A loan helped To purchase clothes in bulk for re-sale.


Solemba Self-Help Group's story

Salima K. is an average Kenyan woman aged 30 and married with 4 children. Salima has been in this business for a period of 4 years, and she got her initial capital by accumulating savings from her former work place. Currently Salima deals in ladies’ wear, but she would like to diversify to men’s and children’s wear as well.

Salima purchases her bales of clothes every month from various shops in Nairobi, the capital city of Kenya. With the little profit she gets from her business, Salima is able to clothe, feed, and educate her children. With the help of her loan, Salima will be able to purchase clothes in bulk to enable her to increase her monthly sales. Her long term vision is to open up a boutique.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.