Daniel Ngerere Muraya – Small Retail Business (Rongai, Kenya)
Daniel is 29 years old, married and with two small children. Unable to continue his education due to lack of secondary school fees, he started a small retail business that has allowed him to meet basic family needs. He sought a loan of $500 to allow him to expand his inventory beyond basic plasticware like jugs and basins, to include additional items such as sandals, school bags, etc. The loan will be repaid over twelve months and is at a very low interest rate of less than 3% – far lower than available from local moneylenders.