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Michael
Michael O. is 51 years old and he is married to Pamela who is a housewife. They are blessed with four children. The family lives in Magongo, Mombasa and Michael is a businessman there. He has been in the business of selling second-hand clothes and shoes for nine years now.

Michael was introduced to KADET by a friend and is glad to access his first loan. He intends to increase the stock of clothes and shoes with the money. Especially during the month of December, business booms with everyone wanting to buy new attire for the Christmas festive season. He actually asked for this loan to be able to target this demand for new stuff in his business and maximize on the profits.

He hopes to become a manufacturer and supplier of textiles in the future.


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
  • 679
    View loans »
    Kenya Loans Fundraising
  • $42,247,450
    Funds lent in using Kiva
  • 74.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Michael to purchase clothes for selling.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Nov 21, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2010