Francis Kamau Kariuki


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Francis Kamau Kariuki
Location: Baba Ndogo, Nairobi, Kenya
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $1,075.00
Loan Use: Buy materials and labor to expand his rental building.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 29, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Oct 31, 2009

About the Country

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



Francis Kamau Kariuki is 63 years old, and married with 8 children.


Twenty one years ago, Francis purchased a plot of land and over the years he has developed his housing-rental business.


This is his 6th loan from KADET and with it he will buy materials (cement, sand, stones) and labor to expand his rental building.


Francis has recently diversified his income sources by expanding into farming (wheat, maize and beans). His next venture, he hopes, will be the transportation industry


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 living conditions of micro-entrepreneurs and their families 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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Journal entries for Francis Kamau Kariuki


Loan has been disbursed
 
Entrepreneur: Francis Kamau Kariuki
Location: Baba Ndogo, Nairobi, Kenya

Thank you for your loan. It has been disbursed to Francis Kamau Kariuki 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 6 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 Baba Ndogo, Nairobi, Kenya
Nov 1, 2009
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Kiva Help Repayment Schedule for Francis Kamau Kariuki

  Expected Repayments Actual Repayments Comments
January 2010 $179.18 Available Jan 1  
February 2010 $179.17 Available Feb 1  
March 2010 $179.18 Available Mar 1  
April 2010 $179.17 Available Apr 1  
May 2010 $179.18 Available May 1  
June 2010 $179.12 Available Jun 1