Funded

Total loan: $1,000
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Fred

Kenya
Changamwe, Kenya / Motorcycle Transport

A loan of $1,000 helped to purchase a motorcycle.


Fred's story

Fred lives in the Changamwe area of Coast province. He is married and has one child. He owns a transport business which he has been operating for five years.

He learned about Milango through a friend who invited him to the group. He joined with the aim of accessing credit to improve the operation of his business. The challenges he faces are: price fluctuation and inflation, seasonal weather, and high transport and fuel costs.

Fred is applying for a loan of 83,500 KES to purchase a motorcycle. His extra income from the loan will be added to increase his savings. His future plan is to buy more motorbikes to expand his business.


Loan details

Loan length:

14 months
Disbursed date: July 25, 2012
Facilitated by Field Partner: Milango Financial Services

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 25, 2012
Facilitated by Field Partner: Milango Financial Services