Claude is a student at Strathmore. This is his story.
My name is Claude; I am the firstborn in a family of three, with a younger sister and brother as siblings in that order. I aspire to study law at Strathmore University and consequently become relevantly vast in the concepts and elements of a true advocate of justice and human rights in a legal field and judicial system hugely tainted by corruption, extortion of clients as well as their exploitation by self-serving legal practitioners. My parents are both teachers at the secondary school level. I aim upon contributing to Campus Kiva by encouraging my fellow loan beneficiaries to go that extra mile and,in reciprocation of the noble initiative to which they are beneficiaries, also lend a helping hand to the needy and less-privileged among us, and in general help alleviate poverty in society. I am intent upon creating a lender's profile on the Kiva site as soon as I get a stable income and through with servicing my loan, as well as becoming an active contributor to the growth of KIVA.
More information about this loan
While the disbursal date for this loan is listed as November 10, no money has actually been disbursed. Rather, November 10th is the start date for the next semester. This student will not receive their loan until it has been fully funded on Kiva.
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.