Funded

Total loan: $375
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Erastus

Kenya
Kilifi, Kenya / Motorcycle Transport

A loan of $375 helped to combine with his savings to purchase another motorcycle.


Erastus's story

Erastus is a resident of Kilifi, Kenya. He is a single businessman who transports goods and people using a motorcycle, a business that he has run for one year. Erastus learnt of Milango from a friend and joined in order to access funds. He is applying for a loan of 31,500 Kenyan shillings which he will combine with his savings to purchase another motorcycle.

The only challenges in his business are the high cost of spare parts and fluctuating fuel prices. However, Erastus is determined to carry out his operations well because he believes that it is from such a venture that he can establish his family. His future ambition is to be able to purchase a public service vehicle (mini-bus).


Loan details

Loan length:

9 months
Disbursed date: October 31, 2012
Facilitated by Field Partner: Milango Financial Services

Lenders and lending teams



Loan details

Loan length:

9 months
Disbursed date: October 31, 2012
Facilitated by Field Partner: Milango Financial Services