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Moses
Moses is a student at Strathmore. This is his story.
My name is Moses, a second born in a family of five. I am resident of Uasin Gishu County; where my parents live. My father and my mother practice small scale farming with one acre; planting farm and three cattle (one cow and 2 heifers).
When I showed my academic capability my parents were assisted with well wishers and managed to get bursaries that enabled to finance my school fees. While at secondary school, I portrayed leadership skills where I was a church captain for 3 years and hockey assistant captain where we lead our team to play at provincial level thrice. I believe given an opportunity at Strathmore will manage to do better in such similar fields. It has always been my dream to be an Actuary and help to foster development in our society, by enabling companies and diverse institutions in our growing economy to realise their strengths and weaknesses and thus explore their opportunities and curb their risks. I have wished to pursue my degree in Actuarial Science at Strathmore University but my family financial status does not allow me hence leaving me with KIVA as my only option. I am so pleased about KIVA and I thank the founders. After my studies I will a lender via KIVA.

Additional Information

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.

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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 432
    View loans »
    Kenya Loans Fundraising
  • $38,199,275
    Funds lent in using Kiva
  • 85.6
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $15,525 helped Moses to pay tuition fees for an undergraduate degree in Acturial Science at Strathmore University.
0% repaid
Repayment Term
121 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 1, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible