Mwachiti Chiboya

Status: Paying Back

$275.00		Loan Amount

18% repaid

About the Entrepreneur

Name:	Mwachiti Chiboya
Location:	Likoni, Mombasa, Kenya
Activity:	Used Clothing

About the Loan

Loan Amount:	$275.00
Loan Use:	Purchasing second hand clothes bales.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 22, 2009
Date Disbursed:	Sep 15, 2009
Date Funded:	Sep 22, 2009

About the Field Partner

Field Partner:

Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International

Field Partner Risk Rating:

(Learn more)

Active

5 months

619

$332,400

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	Kenya Shillings (KES)
Exchange Rate:	74.7000 KES = 1 USD

Mwachiti Chiboya, a 31-year-old father of three children, is married to Nelly Kalume, a businesswoman, and they live in Likoni Mombasa. A businessman dealing in second-hand clothes in the Kongowea market in Mombasa, Mwachiti has run his enterprise for three years now and business is good.

He has never received any funding for his business from any source, and the loan he is requesting from KADET will be used to purchase more bales of second-hand clothes. In the future Mwachiti hopes to establish a major wholesale store supplying both bedding and clothing.

About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. KADET is the microfinance subsidiary of World Vision Kenya. Obtain more information on KADET from the website: www.kadet.co.ke

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Journal entries for Mwachiti Chiboya

Loan has been disbursed Entrepreneur: Mwachiti Chiboya Location: Likoni, Mombasa, Kenya Thank you for your loan. It has been disbursed to Mwachiti Chiboya by Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International in Kenya. We are excited to watch this business grow. Over the 6 months of this loan, Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Likoni, Mombasa, Kenya Sep 23, 2009
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Repayment Schedule for Mwachiti Chiboya

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2009	$45.84	$50.88	Repayment Received
January 2010	$45.85	Available Jan 1
February 2010	$45.84	Available Feb 1
March 2010	$45.84	Available Mar 1
April 2010	$45.84	Available Apr 1
May 2010	$45.79	Available May 1