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Stephen
Stephen is a resident of Kongowea, Kenya. He is single and owns a barber shop which has been in operation for five years. He began the business from savings he had made over a long period of time. He also sells recorded compact discs.

Stephen is applying for a loan of 31,500 Kenyan shillings to purchase shavers and other business equipment, as well as to buy new compact discs to sell. He was introduced to Milango by his friends. Although the business faces the challenge of high cost of purchasing equipment, Stephen believes that the addition of these new machines will help improve his sales.

His ambition is to open other shops in the future to increase his sources of income.

About Kenya

  • $1,800
    Average annual income
  • 1022
    View loans »
    Kenya Loans Fundraising
  • $40,873,425
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Stephen to purchase shavers and other equipment, and to buy new compact discs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014