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Magrate
Magrate is a 28-year-old lady from Bugumbe West, located in Migori county, Kenya. She supports 6 people in her family and is married to Simon, a businessman. They have six children, ages 13, 10, 8, 4 and 2, the last born being nine months old.

Magrate has a general goods shop where she has been selling industrial products like industrial salt. She has been doing this kind of business for the last 5 years and gets a monthly income of about KES 19,000. She has applied for her first loan with KADET LTD, which she will use to purchase industrial salt for resale. She will use the anticipated profit to plow back into the business.

Her dream is to have a better future for her family and to expand her current business.

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
  • 618
    View loans »
    Kenya Loans Fundraising
  • $39,851,750
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Magrate to increase her stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014