Clement Mochoge Nyamwaya

Clement Mochoge is a 30 year old man. He is married and has one child. Together with his wife, they also take care of his younger sibling’s four brothers and two sisters. He lives in the Kayole area in Nairobi where he also operates his business. Clement was employed by a construction company called Mugoya Construction Company. In 2003, the company retrenched some of its employees and Clement was not spared. With a new life to start, he thought of an idea that could help him. With the savings that he had put aside over time, he opened a small telecommunication business. He bought a landline telephone and offered telephone services in his area. This was of great benefit to the community because people were able to easily access his services at a reasonable price.

Due the use of mobile phones, however, Clement had to move with technology. With the small amount of money that he had earned, he changed from providing landline services and bought a phone that works as a mobile phone (locally known as Simu ya jamii). This community phone operates the same way as landlines but cheaper. With time, he also started selling scratch cards and mobile phones. Clement has not been able to cope with the demand as he only stocks in small quantities. He now wants to expand his business to meet the demands of his customers. However, he lacks enough finances because whatever he earns is divided between his business and his family.

Clement is requesting Kiva lenders to lend him a loan of Ksh 50,000 ($825.00) to purchase stock of airtime and mobile phones in larger quantity. With the loan in hand, he will be able to stock phones of different varieties, ranging from Motorola, Nokia, and Samsung, among others .The loan will also be a benefit to his family as the extra money that he earns will cater for their needs. He thanks Kiva lenders in advance. He intends to pay back his loan over a period of twelve months.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.