A loan of $800 helps to purchase wheat flour, rice, cooking fats, and stocks of maize.
Philemon is 35 years old. He is married and has two children. He operates a posho mill and shop, selling wheat flour, rice, cooking fats, and stocks of maize. He has been in this business for the past 10 years.
On a monthly basis, he earns an average profit of KES 30,000. He has applied for a loan of KES 88,000, which he will use to pay fees for his children and add more stock.
Using the anticipated profits, he hopes to pay back his loan on time. His hopes and dreams for the future are to excel and buy a motorcycle.