Funded

Total loan: $1,050
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Ferdinand

Kenya
Mombasa, Kenya / General Store

A loan of $1,050 helped buy general items to expend retail business.


Ferdinand's story

Ferdinand Otoole S. is forty-four years old, married and has three children. His business is located at Magongo Estate in Mombasa, Kenya. Mombasa is the coastal region of Kenya and is well known for its many tourist attraction sites, not forgetting the white Indian Ocean beaches. He has been selling such items as rice, flour, oil, detergents, soft drinks and other items for the last ten years to the local people.

He says that this business is profitable and the major challenge he has is there are so many people doing the same kind of business in the area and so customers have many choices. However, he works very hard to keep his business doing well. He is using his loan of Kes 80,000 to buy more general items to expand his business. He hopes to be a wholesaler in future. He is a very hard-working man.


Loan details

Loan length:

14 months
Disbursed date: March 17, 2010
Facilitated by Field Partner: SMEP Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 17, 2010
Facilitated by Field Partner: SMEP Microfinance Bank