Charles Toroitich
Status: Paying Back
| $1,075.00 | Loan Amount |
|---|
10% repaid
About the Entrepreneur
| Name: | Charles Toroitich |
|---|---|
| Location: | Marigat, Kenya |
| Activity: | Wholesale |
About the Loan
| Loan Amount: | $1,075.00 |
|---|---|
| Loan Use: | To increase supplies for his wholesale business (items such as cooking oil, detergents, food) |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 26, 2009 |
| Date Disbursed: | Sep 29, 2009 |
| Date Funded: | Oct 27, 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: | 75.0500 KES = 1 USD |
Charles Toroitich is a single young man, born in 1988. He lives in Marigat Town, in the Rift-Valley Province of Kenya. This is his third loan with KADET. His previous loans have been worth Kshs 80,000 and Kshs 30,000.
Charles Torotich runs a wholesale store in Marigat Town. He started in the wholesale business two years ago. His sells cooking oil, detergents and foodstuffs in his shop. Charles gets a profit of Kshs 20,000 every month from the wholesale business. He gets additional income from running a posho mill which is in the same town as his wholesale business.
Charles' business is situated within the residential estates of Marigat with a variety of customers ranging from small shops, hotels and supermarkets. This loan will be used to increase the stock in his shop.
If this loan boosts his business, Charles plans to buy a plot of land on which he will build a business structure so that he will not pay rent anymore, thus maximizing his profits. He dreams of expanding his business beyond Marigat and purchasing a lorry for easy and efficient transportation of goods.
He describes himself as a passionate business man who is focused on achieving set targets and future dreams.
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
Charles Torotich runs a wholesale store in Marigat Town. He started in the wholesale business two years ago. His sells cooking oil, detergents and foodstuffs in his shop. Charles gets a profit of Kshs 20,000 every month from the wholesale business. He gets additional income from running a posho mill which is in the same town as his wholesale business.
Charles' business is situated within the residential estates of Marigat with a variety of customers ranging from small shops, hotels and supermarkets. This loan will be used to increase the stock in his shop.
If this loan boosts his business, Charles plans to buy a plot of land on which he will build a business structure so that he will not pay rent anymore, thus maximizing his profits. He dreams of expanding his business beyond Marigat and purchasing a lorry for easy and efficient transportation of goods.
He describes himself as a passionate business man who is focused on achieving set targets and future dreams.
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 Charles Toroitich
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Loan has been disbursed
Location: Marigat, Kenya
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Posted by
from Marigat, Kenya
Oct 28, 2009 |
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Comment on this entry
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Repayment Schedule for Charles Toroitich
Repayment Schedule for Charles Toroitich
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $0.00 | $107.50 | |||
| January 2010 | $89.58 | Available Jan 1 |  Repayment Received
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| February 2010 | $89.59 | Available Feb 1 | |||
| March 2010 | $89.58 | Available Mar 1 | |||
| April 2010 | $89.58 | Available Apr 1 | |||
| May 2010 | $89.59 | Available May 1 | |||
| June 2010 | $89.58 | Available Jun 1 | |||
| July 2010 | $89.58 | Available Jul 1 | |||
| August 2010 | $89.59 | Available Aug 1 | |||
| September 2010 | $89.58 | Available Sep 1 | |||
| October 2010 | $89.58 | Available Oct 1 | |||
| November 2010 | $179.17 | Available Nov 1 | |||
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