A loan of $700 helped to expand her cereal business.

Margaret's story

Margaret is a 48-year-old married entrepreneur and mother of five children. She runs a cereal and grocery business in Migori, Kenya, a venture she initiated in 2001. Despite stiff competition, Margaret has seen her business grow over the years. This can be attributed to hard work, years of experience and her well-established client base. She sells a wide range of cereals including beans, dry maize, rice, millet and sorghum. The profit from the sale of these staple foods helps her pay for her children's school fees and other household expenses, especially during the slow season. She plans to use three quarters of her next loan of US $700 to purchase an extra stock of beans and rice and put the remaining amount into her savings account to use in case of unforeseen circumstances.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

Loan details

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Loan details