Charles Kihiu Murithi
Status: Paying Back
| $1,075.00 | Loan Amount |
|---|
90% repaid
About the Entrepreneur
| Name: | Charles Kihiu Murithi |
|---|---|
| Location: | Muguga, Kikuyu, Kenya |
| Activity: | Farm Supplies |
About the Loan
| Loan Amount: | $1,075.00 |
|---|---|
| Loan Use: | To buy more animal feed to restock his business |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 18, 2009 |
| Date Disbursed: | Aug 6, 2009 |
| Date Funded: | Aug 19, 2009 |
About the Field Partner
About the Field Partner
About the Country
| Country: | Kenya |
|---|---|
| Avg Annual Income: | $1,445.00 |
| Currency: | Kenya Shillings (KES) |
| Exchange Rate: | 76.0000 KES = 1 USD |
Charles Murithi is 39 years old and married with two children. He lives in Muguga, Kikuyu, and he has been selling animal feed for the last five years. His business is in a center called Thamanda which is near where he stays.
Charles was introduced to KADET by a friend who was already a member of one of the groups. Apart from KADET, where he has borrowed two loans, he has never borrowed money from another institution before. This will be his third loan and, so far, he has a good repayment history.
Charles hopes to grow his business to a wholesale shop so that he can be distributing to small traders. He also wants to diversify his trade and start selling hay, since this is a farming region and he knows that he can get high returns and maximize on his profits by tapping into this new venture.
About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is committed to economically empowering its clients by providing financial services in order to relieve suffering and improve living conditions in communities across Kenya.
Charles was introduced to KADET by a friend who was already a member of one of the groups. Apart from KADET, where he has borrowed two loans, he has never borrowed money from another institution before. This will be his third loan and, so far, he has a good repayment history.
Charles hopes to grow his business to a wholesale shop so that he can be distributing to small traders. He also wants to diversify his trade and start selling hay, since this is a farming region and he knows that he can get high returns and maximize on his profits by tapping into this new venture.
About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is committed to economically empowering its clients by providing financial services in order to relieve suffering and improve living conditions in communities across Kenya.
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Journal entries for Charles Kihiu Murithi
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Loan has been disbursed
Location: Muguga, Kikuyu, Kenya
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Posted by
from Muguga, Kikuyu, Kenya
Aug 20, 2009 |
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Comment on this entry
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Repayment Schedule for Charles Kihiu Murithi
Repayment Schedule for Charles Kihiu Murithi
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $89.59 | $89.59 |  Repayment Received
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| December 2009 | $89.59 | $878.36 | Repayment Received
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| January 2010 | $89.58 | Available Jan 1 | Repayment Received
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| February 2010 | $89.59 | Available Feb 1 | Repayment Received
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| March 2010 | $89.59 | Available Mar 1 | Repayment Received
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| April 2010 | $89.59 | Available Apr 1 | Repayment Received
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| May 2010 | $89.58 | Available May 1 | Repayment Received
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| June 2010 | $89.59 | Available Jun 1 | Repayment Received
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| July 2010 | $89.59 | Available Jul 1 | Repayment Received
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| August 2010 | $89.59 | Available Aug 1 | Repayment Received
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| September 2010 | $89.59 | Available Sep 1 | |||
| October 2010 | $89.53 | Available Oct 1 | |||
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