Total loan: $425
Kisumu, Kisumu, Kenya / Transportation
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A loan helped buy a second-hand motorcycle.
Kennedy is a twenty-three-year-old married man. He describes himself to be focused in life. He operates a transport business where he transports customers using his motorcycle. He has been involved in this business for two years. His business is located in a semi-urban area and his primary customers are of the middle class. He describes his biggest business challenge to be seasonality: during the rainy season, the business becomes difficult to run. He will use this loan of KES 35,000 to buy a second-hand motorcycle. His business goal is to own more motorcycles within 5 years so that in the future, he can expand his business. This is his second loan with SMEP DTM. His previous loan of KES 20,000 was repaid successfully. He will use the anticipated profits to improve his living standards.