Lydia Murangi Maina


Status: Paying Back

$950.00   Loan Amount
10% repaid

About the Entrepreneur

Name: Lydia Murangi Maina
Location: Kasarani, Kenya
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $950.00
Loan Use: To purchase electricity meters for her tenants so they can regulate their own electric consumption
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 29, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Oct 30, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:75.3500 KES = 1 USD



Lydia is 40 years old, married and has two children. Five years ago, Mary decided to start a business to put her children through school. She started by purchasing a kerosene pump. She grew her business and until she had three kerosene pumps. Lydia decided to sell that business and took out a loan to purchase a building. Lydia's building has 35 rooms which she rents out to families in a very low income area.

This is Lydia's third loan with KADET. She used her previous loan to paint the building and install running water. With this loan, Lydia will purchase electricity meters for her tenants so that they can regulate their own electric consumption.

In the future, Lydia hopes to expand her business and enter into the business of renting higher value rental homes.


”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




About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Columbia, MD KivaFriends.org
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Edmonton, Alberta
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Ash
Auckland,
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North York, Ontario
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pacific grove, CA
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Spring, texas
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Lancaster, PA
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Alex
San Francisco, CA
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Brandy
Columbus, OH
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Melanie
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Seraphic
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The Aldea Fund
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RingDingDing
Oslo,
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Christer
bygde, v
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Michiel
Haarlem, Noord-Holland
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joan
Wamuran, Queensland
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Journal entries for Lydia Murangi Maina


Loan has been disbursed
 
Entrepreneur: Lydia Murangi Maina
Location: Kasarani, Kenya

Thank you for your loan. It has been disbursed to Lydia Murangi Maina 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 Kasarani, Kenya
Oct 31, 2009
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Kiva Help Repayment Schedule for Lydia Murangi Maina

  Expected Repayments Actual Repayments Comments
December 2009 $0.00 $95.00  
January 2010 $79.18 Available Jan 1 Repayment Received
February 2010 $79.17 Available Feb 1  
March 2010 $79.18 Available Mar 1  
April 2010 $79.17 Available Apr 1  
May 2010 $79.18 Available May 1  
June 2010 $79.17 Available Jun 1  
July 2010 $79.18 Available Jul 1  
August 2010 $79.18 Available Aug 1  
September 2010 $79.17 Available Sep 1  
October 2010 $79.18 Available Oct 1  
November 2010 $158.24 Available Nov 1