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Fredrick's Group
In this Group: Fredrick
Fredrick is the married father of eight children, four of whom are still in school. He is a member of a group in Embu but owns a charcoal business in Ngong Kajiado.

Fredrick runs one of the largest charcoal stores in the area. He buys bags of charcoal, and supplies to retail outlets at Kshs 800 a bag, and is thus able to make a profit. He has applied for a loan of Kshs 50,000 to get more stock.

Additional Information

Important Information

Please note that this Field Partner started working with Kiva before certain core risk and due diligence policies were put into place and therefore does not meet our current minimum risk criteria (K-Met has less than 1,000 borrowers and has not submitted recent audited financial statements to Kiva). K-Met is a unique microfinance organization that targets private health care providers and community health workers as a means to fulfill its mission of promoting development in underserved communities through innovative health and education programs. Private providers are given loans to upgrade their facilities and community health workers, who volunteer through K-Met, are given access to loan funds to grow their businesses and as a means of incentivizing them to remain involved in community health work with K-Met. Kiva was K-Met’s first external lender and the organization is rated a Kiva Star Rating of 1, which is the riskiest level. As a result of K-Met’s strong social mission and unique approach to microfinance and health, Kiva believes that loans to borrowers with K-Met may still be of interest to Kiva lenders, despite the increased risk, and has allowed the organization to continue fundraising on Kiva.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kenya

  • $1,800
    Average annual income
  • 802
    View loans »
    Kenya Loans Fundraising
  • $40,352,500
    Funds lent in using Kiva
  • 74.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A portion of Fredrick's Group's $675 loan helped a member to buy charcoal in bulk.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2010