Funded

Total loan: $350
Powered by 14 lenders

Kibet

Kenya
Kericho, Kenya / Food Market

A loan of $350 helped to buy a stock of tea leaves to sell.


Kibet's story

Kibet is a 28-year-old, single man. He describes himself as "creative." He operates a farm, where he grows tea for selling. He has been involved in this business for four years. His primary customers are small-scale. He says his biggest business challenge is insufficient capital.

He will use the KES 30,000 loan to buy a larger stock of tea leaves to resell. He hopes that in the future, he will have a stable business. This is his second loan with SMEP DTM. A previous loan of KES 20,000 was repaid successfully. He will use the anticipated profits to buy tea seedlings to plant.


Loan details

Loan length:

14 months
Disbursed date: March 28, 2014
Facilitated by Field Partner: SMEP Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 28, 2014
Facilitated by Field Partner: SMEP Microfinance Bank