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Eric
Eric is a 26-year-old young man who was orphaned as a child and raised by his grandmother. He is now married and has a five-year old daughter.

Eric has been running a charcoal business for the last three and a half years after getting capital to start his business from his uncle. He was then introduced to KADET by an existing member after wanting to get more funds to expand his business. This is Eric's first loan through KADET and he wants to use it to purchase a motorbike to help with transporting the charcoal and maize (that he does on the side). Eric hopes to use the extra profit generated as a result of this loan to acquire an additional piece of land and educate his daughter.

His future hope is to eventually be able to uplift the living standard of his family.

About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empower its clients by providing financial services to improve the 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

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

About Kenya

  • $1,800
    Average annual income
  • 446
    View loans »
    Kenya Loans Fundraising
  • $38,309,375
    Funds lent in using Kiva
  • 74.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Eric to buy a motorbike for transporting his charcoal stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2009
Listed
Sep 26, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010