Funded

Total loan: $475
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Fred

Kenya
Ongata-Rongai, Kenya / Charcoal Sales

A loan of $475 helped to buy more bags of charcoal.


Fred's story

Fred is married and has 3 children. He describes himself as focused. For the past 15 years, Fred has operated a retail store where he sells charcoal. His business is located within a residential area and his primary customers are local residents. Fred describes his biggest business challenge to be lack of funds for buying more charcoal to sell. He also works part time as a cleaner at a hospital.

Fred will use this KES 40,000 loan to buy charcoal to sell. His business goal is to be a supplier of charcoal within 5 years. This is Fred's third loan with SMEP DTM, and he managed to successfully repay his previous loan of KES 20,000.


Loan details

Loan length:

14 months
Disbursed date: January 22, 2013
Facilitated by Field Partner: SMEP Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 22, 2013
Facilitated by Field Partner: SMEP Microfinance Bank