Roseline is a 51-year-old married mother with five children. She describes herself as an ambitious mother and is keen to support her family and improve their living conditions. She is applying for a KES 30,000 loan which she will use to purchase bananas and kale as stock. Her challenge is inadequate funds to stock her business and she describes her field of activity as competitive.
This is her first loan application through SMEP DTM. SMEP is a Deposit Taking Microfinance institution born out of an initiative of the National Council of Churches of Kenya (NCCK). It began as a feeding programme to feed the Mathare slum dwellers in Nairobi, Kenya. NCCK realized that the poor needed to be self reliant and economically empowered and the feeding programme was transformed into a micro-credit scheme. What started as a small project has grown into a deposit taking micro-finance institution that has a dream of providing many financial solutions to entrepreneurs. In future, SMEP plans to become a fully fledged Christian bank.