A loan of $1,200 helped to purchase two coolers.

John's story

John K. Murage is 36 years old and is married with two children. He lives in the Embakasi constituency of Nairobi city. John started his business in 2005 after getting his initial capital of Ksh.30,000 (USD 460) from savings, which he earned doing a part-time accounting job at a company known as Georgia Kenya Export.

With the initial capital, John purchased stock for a mini-shop, including items like margarine, flour, sugar, salt, milk, bread, juice, snacks, candies, and cereals such as maize (corn), beans, green grams, rice, etc. Fortunately he did not have to pay rent for the shop because the building belongs to his father and allowed him to operate free of charge. Because of his father’s good will, John was able to stock his shop with goods and also purchase a scale, which is handy in any shop for weighing of items like sugar and cereals.

The business has continued to grow over the last two years and the number of customers has increased as well -- so has the demand for new products like fresh meat, vegetables and dairy products. John has to meet his customers’ demands if he is to remain in business. He has therefore decided to start stocking these items, which are in very high demand in his area. The only impediment to this is a lack of coolers, which he will need in order to keep the products fresh. John is therefore requesting a loan of USD 1200, which will enable him to purchase the two coolers that he needs to expand his business and satisfy his customers' needs. The repayment period for this loan will be 10 months.

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