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Nicholas
Nicholas is 28 years old and married, and his children are ages three and seven years old. His wife Susan is a house wife. Nicholas buys and sells tea leaves from the local farmers, which he then sells to the Chebut tea factory for processing. He has been in operation for a period of two years, earning a monthly income of 25,000 Kenya shillings (KES).

He requests a loan of 76,000 KES as his second term loan and wishes to use this money to purchase more bags of tea leaves from the local farmers.

The profits will be used to plough back into the business, and to extend his buying centers and explore new ones. His dream is to prosper in business and educate his children to higher levels.

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
  • 951
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 99.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Nicholas to purchase more bags of tea leaves from the farmers for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013