Location: Molo town
Years in Operation: 6 years
Amount Needed: $1,000
Margaret Wanjiku is a beneficiary in the micro lending program. She is a business lady who owns a hardware shop, with a vision of opening another shop to specialize in tiles and ceramics. We facilitated her with the loan which she used to start the tile business. Her business is now doing very well as she supplies most of the tiles to many upcoming buildings.
Impact of the loan:
Besides empowering her idea, we are confident that Margaret shall employ other people to help her operate her business. The loan enabled her to buy tiles from suppliers in bulk and hence enjoying good discounts, which reduced her costs of purchases.