Funded

Total loan: $1,200
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Matano

Kenya
Mombasa, Kenya / Water Distribution

A loan of $1,200 helped to buy a water tank.


Matano's story

Matano is a married man. He has four children with ages ranging from five to 11 years old. He describes himself to be trustworthy, resilient and a loving father. He operates rental houses where he provides rental-housing services. He has been involved in this business for seven years. His business is located within a strategically positioned business environment where he gets steady income and his primary customers are local residents .

In addition, Matano sells water to the local residents in order to increase his income. He describes his biggest business challenge to be building more houses for rental accommodations. He will use the KES 100,000 loan to purchase a water tank. Earlier on, Matano had taken a loan of KES 60,000, which he successfully repaid in full. His business goal is to build more houses to provide accommodations within five years. He hopes that in the future, he will educate his children using his profits.



Loan details

Loan length:

14 months
Disbursed date: May 10, 2012
Facilitated by Field Partner: SMEP Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 10, 2012
Facilitated by Field Partner: SMEP Microfinance Bank