Alex Ndung'u


Status: Paying Back

$825.00   Loan Amount
18% repaid

About the Entrepreneur

Name: Alex Ndung'u
Location: Kongowea, Mombasa, Kenya
Activity: Cobbler

About the Loan

Loan Amount: $825.00
Loan Use: Purchasing shoe-making tools.
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 Country

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



Alex Kimani, a 37-year-old father of one child, is married to Lily Njeri, who is a house wife. The family lives in Kongowea, Mombasa. For eight years Alex has run a leather work shop in Kongowea, a location that has enabled him gain many customers due to the busy Kongowea market.



He learned of KADET during a marketing exercise and he is now accessing his first loan, which he plans to invest by purchasing shoe-making materials, thus diversifying his business. His future hopes are to expand his business and become a major supplier of shoes and leather materials.



About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empower 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 Alex Ndung'u


Loan has been disbursed
 
Entrepreneur: Alex Ndung'u
Location: Kongowea, Mombasa, Kenya

Thank you for your loan. It has been disbursed to Alex Ndung'u 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 Kongowea, Mombasa, Kenya
Sep 23, 2009
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Kiva Help Repayment Schedule for Alex Ndung'u

  Expected Repayments Actual Repayments Comments
December 2009 $137.50 $151.25 Repayment Received
January 2010 $137.50 Available Jan 1  
February 2010 $137.50 Available Feb 1  
March 2010 $137.50 Available Mar 1  
April 2010 $137.50 Available Apr 1  
May 2010 $137.50 Available May 1