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My name is Reza and I come from a family of two siblings: a brother in high school and a younger sister in kindergarten. Currently I am in my third year, studying BBS-Actuarial Science in the School of Finance and Applied Economics at Strathmore University. I am pursuing a career as an actuary and my grades so far have been good. I am applying for the Kiva loan so as to complete the two remaining years of my Bachelor's degree.

My parents are struggling to meet the fees for me and my brother in secondary school because they both don't earn enough, but would like to see me get a quality university education given by Strathmore.

The Kiva loan repayment is friendly because it spreads the repayment out over a longer period, compared to the three installments required by Strathmore University for every year of a degree. The KIVA loan would assist me greatly in paying my tuition fees over the remaining academic years of my course. This would enable me to study hard and go through the course without missing any classes or exams because of unpaid fees. I appreciate Strathmore University for all the assistance I have received in applying for this loan.

I commit to paying back the loan on time and to give back in the future to other needy cases so as to continue the spirit initiated by Kiva.

Additional Information

More information about this loan

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
  • 855
    View loans »
    Kenya Loans Fundraising
  • $42,924,225
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,625 helped Reza to pay tuition fees in order to complete an undergraduate course in Bachelor of Business Science in Actuarial Science.
71% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
May 9, 2013
May 3, 2013
Currency Exchange Loss: