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Joseph Samuel Mwangi
Joseph K., age 34 years, runs a hotel (restaurant) business at Dagoretti, which is a middle-class estate with a good population. He is married to Jane Ngumbi and together they have two grown-up children, a daughter and a son, aged 26 and 18 years. He was introduced to Kadet by an old Kadet client.


Joseph has been running this hotel for one year and his monthly profit is KES 8000. With the loan of KES 40,000 he will buy flour, cooking fat, and charcoal, and pay the salaries of his three employees. If the loan boosts the business, Joseph plans to buy a gas cooker to make cooking faster in his hotel so as not to delay his customers.


Joseph, who describes himself as hardworking, has a dream of buying a piece of land to build rental houses as well as building his own house.

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
  • 1063
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 80.3
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Joseph Samuel Mwangi to buy flour, cooking fat, and charcoal.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 12, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011