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Richard
Richard is 27 years old, married, and blessed with two children ages six years and four years, respectively. His spouse - a housewife - and does small scale farming (ie. keeping chickens) to support him in meeting some of their financial needs. Richard runs a transport business and has been in this business for the last four years.

He has borrowed a loan of 85,000 KES. He intends to use the whole amount of this loan to purchase a motorbike to expand his transport business. From this business he gets an average income of 25,000 KES a month. With the anticipated profits, he intends to expand his business and do more maintenance of his motorbikes.

His future plan is to buy a plot for building business premises and open a motorcycle spares shop for his wife.

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
  • 1020
    View loans »
    Kenya Loans Fundraising
  • $43,094,450
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Richard to purchase a motorcycle for his transport business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014