Funded

Total loan: $750
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Michael

Kenya
malindi, Kenya / Fishing

A loan of $750 helped to buy fishing nets and a fishing boat (canoe).


Michael's story

Michael lives in the Malindi area of Coast Province, Kenya. He is married and has six school-going children. He is a fish monger, a business that he has been operating for fifteen years. Besides this, he is also a farmer, keeping cattle and planting maize.

He learned about Milango through a friend. Michael aims to access credit to improve his business operations. His main challenges are the perishability of the product, demanding that he sells the fish immediately after the catch.

Michael is applying for a loan of 62,700 Kenya shillings to buy fishing nets and a fishing boat (canoe). This is his third loan from Milango. The extra income from the loan will be added to his savings to pay school fees for his children. His dream is to expand to be a wholesale fish monger.


Loan details

Loan length:

14 months
Disbursed date: September 26, 2012
Facilitated by Field Partner: Milango Financial Services

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 26, 2012
Facilitated by Field Partner: Milango Financial Services