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Vincent
I am a third-year student at Strathmore University, pursuing a Bachelor of Business Science degree – Actuarial, and would like to be a fully qualified actuary in the next five years. I like participating in programs that are geared towards the development of the society. For example, I did volunteer community service at Kenyatta Hospital for two months last holiday.

I come from a humble background of four children: a brother and two sisters. I need a loan to buy a laptop, as this will help me carry out my studies better and improve my grades. I am not able to raise the whole amount for the laptop at once and hence would appreciate a Kiva loan.

I will ensure that I make all the repayments and honor my commitment so that others at Strathmore can benefit through Kiva loans. I would like to support other students in the future because, were it not for others, it would have been very hard for me to study at Strathmore University.

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
  • 1051
    View loans »
    Kenya Loans Fundraising
  • $40,896,100
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Vincent to buy a laptop to use for his studies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 8, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 29, 2014