I am Jotham from Yala, a town along the Kisumu –Busia highway.I come from a needy family headed by a grandmother who is a peasant farmer after both of my parents died when I was still at a tender age as well as my twin brother who also passed away earlier than expected making me to remain a single child in the family to date.
I hail from a society where education is highly degraded and traditions set in the forefront. This is as characterized by early marriages of girls at premature ages as well as boys due to increased intake of drug substances resulting to their education being held at stake.
This is very disheartening and sends a lot of concerns to me as the society continue to derail as young people succumb from the vices. Coming from such a society gives me power and strength that I will prove my critics wrong and give back to the society. I am turning to KIVA for a loan that will enable me to successfully acquire university education at Strathmore university. Upon completion of my education I strongly believe in giving back to the society by providing moral authority and setting up institutions that will be able to curb such vices amicably and streamline the society.
I trust that KIVA will make my ambitions come true and will comply with the terms and conditions governing the KIVA loan for the betterment of the institution at large.
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.