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Annita
My name is Annita, I am a second year student at Strathmore University pursuing a degree in Business Information and Technology. I chose to join Strathmore University because of its ability to produce skilled, disciplined and all rounded individuals. Strathmore University is a brand in itself, therefore making its students marketable in the job market.

I am taking the loan in order to acquire a laptop, which I need for studies. My chosen field of study involves a lot of computer work and sometimes when one does not have a personal computer to practice the skills taught in class, it may be very difficult for an individual to better their skills. I am very confident that if I own one, I will be able to sharpen my knowledge and skills in IT. I decided to take up this loan because at the moment my parents have a lot at hand and this program offered a reasonable repayment schedule that my parents can afford.

My dream is to be an entrepreneur in the IT field. After attaining my degree, I would like to work in an IT firm in order to have some experience before starting my own IT consultancy firm that will specialize in offering IT solutions to emerging problems in the business sector. In the meantime, I am waiting to join a program for a certification in networking in the same institution.

Additional Information

More information about this loan

This loan is part of Strathmore's laptop program, providing students with financing to purchase their own laptops. The goal is to equip students with all the tools they need to become transformative leaders in the digital age. The laptop this student buys will also help them connect with the digital e-library resources at Strathmore and support the development of their ideas and skills. This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

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
  • 476
    View loans »
    Kenya Loans Fundraising
  • $38,222,800
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Annita to purchase a laptop that will help her with her studies and gain more IT skills.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 26, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 1, 2014