Funded

Total loan: $1,075
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Lameck

Kenya
Mombassa, Kenya / Grocery Store

A loan of $1,075 helped to open another branch of his store.


Lameck's story

Lameck M. N., 27, has run the "Classic Store" with his wife for the last six months. The store is located in a residential area in Magongo and they sell cereals, paraffin (kerosene), vegetable oil, sugar, detergents, rice, flour, etc. His challenges are that customers can't pay at the end of their pay cycles and further, over the holidays, many return to their villages and his business suffers.

Lameck is using his KES 80,000 loan to open another branch of the store in a busy new area.

Lameck also runs a barber shop where he has an employee. His long term business goal is to be a wholesaler and supply goods to small retail shops in Mombassa.

Lameck and his wife (pictured) have no children yet, but Lameck's goal is to have a stable life for his family with a house, a car, and good education for his own children. He is hardworking and feels confident that he can reach whatever goals he sets for himself.


Loan details

Loan length:

17 months
Disbursed date: November 20, 2009
Facilitated by Field Partner: SMEP Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: November 20, 2009
Facilitated by Field Partner: SMEP Microfinance Bank