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Caroline
Caroline is a student applying for a loan to purchase a laptop to assist in her studies at Strathmore University and this is her story:

My family consists of five people. I am the first born; I have one sister, one brother and both parents. I decided to purse university education so that I could gain the necessary skills and knowledge required to compete at the higher levels of the job market. This is so I can achieve my long-term dream of being the best that I can be.

I chose Strathmore University because of the quality of education offered and the opportunities that one is exposed to at the university. The main reason I need this loan to purchase a laptop is so I can finish my final year project on time. The laptop will give me flexibility in working on the project. I will also hand in my assignments on time, since I will be able to access coursework off-campus. Finally, it will help me to perfect my IT skills in readiness for the job market and entrepreneurship.

Additional Information

Important Information

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Strathmore University is one of the leading private chartered universities in Kenya, and is a privately owned, not for profit institution. Originally established in 1961 as an Advanced-level Sixth Form College with inspiration and encouragement from Saint Josemaria Escriva, founder of Opus Dei, Strathmore University started offering degrees in 2002 before becoming fully chartered in 2008.

Strathmore University is a non-traditional Field Partner, in that they are an educational institution, not a microfinance institution. Lenders to these loans should be aware of the following:

1 - You might not begin to receive repayments on this loan for many years, and this loan may have terms as long as 11 years. The full-tuition loans administered by Strathmore University can have loan terms of up to 11 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at the university, and the first year after graduation. During the grace period, the borrower is not required to make any repayments, and you would not receive any repayments. Please be sure the loan terms and repayment schedule of this loan suit you.

2 - Administering loans is a new activity for Strathmore University, which can increase the risk on this loan. While most Kiva Field Partners are microfinance institutions and therefore experienced at administering loans, Strathmore University's core business is providing education, and they are inexperienced at administering loans. This partner has passed Kiva's due diligence requirements for a non-traditional Field Partner, however lenders to this loan should be aware that this loan carries some additional risk as Strathmore University becomes more experienced with administering loans to students.

For more information on Strathmore University, and the Kiva loans they are administering, please visit the Field Partner page.

About Kenya

  • $1,800
    Average annual income
  • 449
    View loans »
    Kenya Loans Fundraising
  • $38,309,375
    Funds lent in using Kiva
  • 83.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Caroline to purchase a laptop so as to finish her final year project on time and later enhance her IT skills in preparation for the job market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 19, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013