Ndolo Mutisya
Status: Paying Back
| $950.00 | Loan Amount |
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90% repaid
About the Entrepreneur
| Name: | Ndolo Mutisya |
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| Location: | Naivasha, Kenya |
| Activity: | Services |
About the Loan
| Loan Amount: | $950.00 |
|---|---|
| Loan Use: | To buy maize stock |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 24, 2009 |
| Date Disbursed: | Sep 22, 2009 |
| Date Funded: | Sep 24, 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: | 74.5000 KES = 1 USD |
Ndolo Mutisya is 36 years old and married to Mary Ndolo. Together they have three children who all go to school. Ndolo has been running a posho mill business for the last three years in Naivasha town. (A posho mill is a hammer mill that grinds maize into corn flour, which is then cooked and served as "ugali", a staple in Kenya.)
He joined KADET through a friend who is already a client. This is Ndolo's third loan with KADET. He used his first loan to buy a posho mill, and with his second loan he serviced the machine.
He now intends use this third loan to increase his stock by buying more maize, as this will enable him to increase his income and serve his loyal clientele better.
Ndolo hopes his business grows and that he will be able to open a chain of posho mills outside Naivasha.
About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empowering their 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
He joined KADET through a friend who is already a client. This is Ndolo's third loan with KADET. He used his first loan to buy a posho mill, and with his second loan he serviced the machine.
He now intends use this third loan to increase his stock by buying more maize, as this will enable him to increase his income and serve his loyal clientele better.
Ndolo hopes his business grows and that he will be able to open a chain of posho mills outside Naivasha.
About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empowering their 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 Ndolo Mutisya
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Loan has been disbursed
Location: Naivasha, Kenya
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Posted by
from Naivasha, Kenya
Sep 25, 2009 |
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Comment on this entry
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Repayment Schedule for Ndolo Mutisya
Repayment Schedule for Ndolo Mutisya
| Expected Repayments | Actual Repayments | Comments | |||
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| December 2009 | $79.18 | $855.39 |  Repayment Received
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| January 2010 | $79.17 | Available Jan 1 | Repayment Received
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| February 2010 | $79.18 | Available Feb 1 | Repayment Received
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| March 2010 | $79.17 | Available Mar 1 | Repayment Received
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| April 2010 | $79.18 | Available Apr 1 | Repayment Received
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| May 2010 | $79.17 | Available May 1 | Repayment Received
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| June 2010 | $79.18 | Available Jun 1 | Repayment Received
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| July 2010 | $79.18 | Available Jul 1 | Repayment Received
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| August 2010 | $79.17 | Available Aug 1 | Repayment Received
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| September 2010 | $79.18 | Available Sep 1 | Repayment Received
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| October 2010 | $79.17 | Available Oct 1 | |||
| November 2010 | $79.07 | Available Nov 1 | |||
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