Total loan: $625
Olkalou, Nyandarua County, Kenya / Retail
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A loan helped to buy more mobile phone accessories and electronics to sell.
Wallace is a very hard working man from Olkalou. He is married to Monicah, who is a housewife, and they are blessed with one child, six months old. Wallace owns a mobile phone accessories shop, a business he has been running for the last four years. He has applied for his third loan of 52,000 KES from Kadet Ltd. He will use the loan to purchase more stock, such as phone batteries, phone chargers and electronics like hand watches and power cables. He believes that he is going to realize greater monthly income from his expanded business, which is currently 25,000 KES. He intends to use his income to pay back his loan to Kadet Ltd. and to improve the living standards of his family. Wallace hopes to be the owner of the largest electronics store in his area in the future.