Mikhail
A loan of $1,475 helps to purchase additional inventory to restock his shop.
Mikhail's story
Mikhail is 39 years old, married and a father of three children.
He lives in a village, where he runs a small business selling cosmetics and personal care products. He has been working in this field for more than five years, with the support of his wife, who helps manage the shop and takes turns running the business.
Mikhail started the project by selling a limited number of items from his home. As demand increased, he was able to rent a shop and expand his activity to serve more customers.
Recently, the business has faced a challenge due to limited capital, which prevents him from purchasing sufficient quantities and a wider variety of products. This shortage affects his sales and limits his ability to meet customer demand.
Mikhail is requesting a loan of EGP 70,000 to purchase additional inventory to restock his shop. This loan will help him to increase product availability, improve his sales and generate a more stable income to support his family.
He hopes to continue expanding his business, in the future, and eventually move toward small-scale production.