Funded

Total loan: $1,175
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Joseph

Kenya
Nanyuki, Kenya / Farming

A loan of $1,175 helped to buy tea tree seedlings for the business.


Joseph's story

Joseph lives in the Nanyuki area of Central province, Kenya. He owns a tea tree farming business. He started the business from the income he earned from subsistence farming. The extract from tea tree is used to manufacture cosmetics. He began the business of tea tree farming this year. Joseph had so much faith in the project that he decided to invest in a larger acreage farm to realize more returns on his investment.

He learned about Milango through an employee who invited him to the group and he joined the group with the aim of accessing credit. The main challenge in the area has been the seasonal weather. This he believes will be sorted out once he purchases a water pump.

Joseph is applying for a loan of 100,150 Kenya shillings to buy tea tree seedlings for the business. His extra income from the loan will be added to his savings and he looks forward to establishing the farm by increasing the acreage.



Loan details

Loan length:

33 months
Repayment schedule: Irregularly
Disbursed date: December 12, 2012
Facilitated by Field Partner: Milango Financial Services

Lenders and lending teams



Loan details

Loan length:

33 months
Repayment schedule: Irregularly
Disbursed date: December 12, 2012
Facilitated by Field Partner: Milango Financial Services