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

My name is Charles. I am the first born of a family of three siblings; that is me and my two sisters. Both sisters are starting high school this year. My mother is a housewife and my dad passed on last year. I have succeeded in my studies despite the challenges I have had with limited resources. My big challenge is finances because so far I have been relying on limited donations from relatives, well-wishers and bursaries. Due to the high cost of university education, they are unable to support me. It’s the need to quench my thirst for skills, knowledge and exposure that has made me decide to pursue university education.

Strathmore is the best place for me because they offer high quality education and have mentorship and formation programs that will help me in my future endeavors. I am applying for this loan to enable me to purchase a laptop which will facilitate my learning by helping me do the assignments and do research for more exposure and understanding. Most of my coursework is best accessed through e-learning and, therefore, a laptop will be essential.

I am pursuing accounting and finance in order to get great business ideas and experiences that will enable me to raise the living standards of Kenyans and Africans as a whole. We need the means to eradicate poverty among the many slums in Africa, improve food security and improve the management of funds allocated to education so as to ensure all students benefit fairly. I intend to venture into entrepreneurship activities so that I can give back to society. It is by empowering people intellectually that most of the problems faced by developing countries can be eradicated.

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
  • 745
    View loans »
    Kenya Loans Fundraising
  • $43,812,675
    Funds lent in using Kiva
  • 83.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Charles to purchase a laptop which will help him finish his assignments on time, access the University's e-learning site and carry out research.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 19, 2012
Feb 3, 2012
Currency Exchange Loss:
Jun 19, 2013