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Charles
Charles T. is a single young man, born in 1988. He lives in Marigat Town, in the Rift-Valley Province of Kenya. This is his third loan with KADET. His previous loans have been worth Kshs 80,000 and Kshs 30,000.

Charles Torotich runs a wholesale store in Marigat Town. He started in the wholesale business two years ago. His sells cooking oil, detergents and foodstuffs in his shop. Charles gets a profit of Kshs 20,000 every month from the wholesale business. He gets additional income from running a posho mill which is in the same town as his wholesale business.

Charles' business is situated within the residential estates of Marigat with a variety of customers ranging from small shops, hotels and supermarkets. This loan will be used to increase the stock in his shop.

If this loan boosts his business, Charles plans to buy a plot of land on which he will build a business structure so that he will not pay rent anymore, thus maximizing his profits. He dreams of expanding his business beyond Marigat and purchasing a lorry for easy and efficient transportation of goods.

He describes himself as a passionate business man who is focused on achieving set targets and future dreams.

About KADET:
The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empower her clients by providing financial services to improve 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
  • 431
    View loans »
    Kenya Loans Fundraising
  • $38,199,275
    Funds lent in using Kiva
  • 75.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Charles to increase supplies for his wholesale business (items such as cooking oil, detergents, food).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2009
Listed
Oct 26, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010