Philip is a 38-year-old married man. He has four children. He describes himself as experienced. He operates a transport business where he owns a vehicle for carrying passengers from one place to another. He has been involved in this business for seven years. His business is located in an area with potential, and his primary customers are local residents. He describes his biggest business challenge to be lack of capital.
He will use the 50,000 Kenyan shillings loan to buy spare parts for the motor vehicle. His business goal is to be independent within five years. He hopes that in the future, he will be successful. He will use the anticipated profits to pay school fees for his children.