Steven Ndungu Gitau


Status: Paying Back

$875.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Steven Ndungu Gitau
Location: Gitaru, Kikuyu, Kenya
Activity: Photography

About the Loan

Loan Amount: $875.00
Loan Use: To buy a video camera for his photography business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Oct 8, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:75.3000 KES = 1 USD



Steven is 53 years old and married. He has three children. Steven is a photograher and most of his clients call him to take photos of weddings and other occasions. He has been in the business for about 20 years. He earns a profit of approximately 20000 Kenyan shillings (~$270 USD) a month.

He is the founder of his borrower group. He has never borrowed from an MFI and intends to use the loan to buy a video camera to meet his clients' demands. He hopes to own a big photo studio some day that will help him produce the photos and reduce his costs.

About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empower her 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 Steven Ndungu Gitau


Loan has been disbursed
 
Entrepreneur: Steven Ndungu Gitau
Location: Gitaru, Kikuyu, Kenya

Thank you for your loan. It has been disbursed to Steven Ndungu Gitau 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 12 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 Gitaru, Kikuyu, Kenya
Oct 26, 2009
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Kiva Help Repayment Schedule for Steven Ndungu Gitau

  Expected Repayments Actual Repayments Comments
January 2010 $72.92 Available Jan 1  
February 2010 $72.92 Available Feb 1  
March 2010 $72.92 Available Mar 1  
April 2010 $72.92 Available Apr 1  
May 2010 $72.93 Available May 1  
June 2010 $72.92 Available Jun 1  
July 2010 $72.92 Available Jul 1  
August 2010 $72.92 Available Aug 1  
September 2010 $72.92 Available Sep 1  
October 2010 $72.92 Available Oct 1  
November 2010 $72.92 Available Nov 1  
December 2010 $72.87 Available Dec 1