John Ngaruiya
Status: Paying Back
| $550.00 | Loan Amount |
|---|
12% repaid
About the Entrepreneur
| Name: | John Ngaruiya |
|---|---|
| Location: | Naivasha, Kenya |
| Activity: | Bakery |
About the Loan
| Loan Amount: | $550.00 |
|---|---|
| Loan Use: | To buy wheat flour for baking cakes |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 2, 2009 |
| Date Disbursed: | Sep 28, 2009 |
| Date Funded: | Oct 2, 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: | 75.7000 KES = 1 USD |
John Ngaruiya is 32 years old, is married to Ann Njeri, and they have two school-going children.
John has operated his bakery shop for the last three years in Naivasha town. He supplies his neighbors with cakes at a reasonable price. He also operates a secondary business of motorcycle transport within the town. He does this in the afternoons after delivering the cakes. With the income from both business he is able to sustain himself and his family.
John was introduced to KADET by his friend and this will be his second loan. He plans to buy wheat flour at wholesale price which is cheaper.
In future he plans to grow both businesses and also employ people who will help him in his operations.
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 the 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
John has operated his bakery shop for the last three years in Naivasha town. He supplies his neighbors with cakes at a reasonable price. He also operates a secondary business of motorcycle transport within the town. He does this in the afternoons after delivering the cakes. With the income from both business he is able to sustain himself and his family.
John was introduced to KADET by his friend and this will be his second loan. He plans to buy wheat flour at wholesale price which is cheaper.
In future he plans to grow both businesses and also employ people who will help him in his operations.
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 the 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 John Ngaruiya
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Loan has been disbursed
Location: Naivasha, Kenya
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Posted by
from Naivasha, Kenya
Oct 3, 2009 |
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Comment on this entry
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Repayment Schedule for John Ngaruiya
Repayment Schedule for John Ngaruiya
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $0.00 | $70.13 | |||
| January 2010 | $61.12 | Available Jan 1 |  Repayment Received
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| February 2010 | $61.12 | Available Feb 1 | |||
| March 2010 | $61.12 | Available Mar 1 | |||
| April 2010 | $61.12 | Available Apr 1 | |||
| May 2010 | $61.11 | Available May 1 | |||
| June 2010 | $61.12 | Available Jun 1 | |||
| July 2010 | $61.12 | Available Jul 1 | |||
| August 2010 | $122.17 | Available Aug 1 | |||
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