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Ronald
Ronald is 45 years old, married, and the father of one child. For the past twenty-four years, he has earned a living by selling goods at his general store in Malindi. He earns a monthly profit of KES 21,000. Ronald was introduced to KADET LTD by a credit officer, and he is applying for his fifth loan, of KES 70,000, to buy additional stock for his general store, including cooking oil, washing powder, soft drinks and flour, to sell to his customers. He will use the profits made possible by this loan to pay school fees for his child and to expand his business. His goal for the future is to continue growing the business with a view to providing his family with a stable financial status.

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
  • 720
    View loans »
    Kenya Loans Fundraising
  • $39,776,375
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ronald to buy additional stock, including cooking oil, washing powder, soft drinks and flour, for his general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014