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Michael Thuo
Michael is 57 years old, married to Rose, and they have five daughters and one son, all adults. He was introduced to Kiva Partner, KADET, through an existing KADET client and has been a shopkeeper for four years.

Michael is applying for his 3rd loan with KADET. He is intending to purchase more stock and expand his retail shop business.

With the extra profit generated from his business, Michael is planning to install electricity in his shop and purchase a deep-freezer. His hopes and dreams are to have a big business which can serve as both wholesale and retail. He describes himself as a hardworking man and very focused.


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 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
  • 718
    View loans »
    Kenya Loans Fundraising
  • $42,279,525
    Funds lent in using Kiva
  • 75.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Michael Thuo to buy more stock and expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2009
Listed
Oct 23, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010