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Richard
Richard runs a retail shop in the town of Oloitoktok, where he sells bread, sugar, tea leaves and cooking oil, among other items. He is 34 years old, married, and has two children. He has been in this business for four years. This is his second loan from KADET LTD. He intends to use the loan to increase his stock of tea leaves, bread, sugar, maize flour, cooking oil and detergents. He will use the income that is generated to buy a motorbike, which he will use in transporting his stock from the wholesaler to his shop. In the future Richard hopes to buy a plot of land and build rental houses.

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.

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About Kenya

  • $1,800
    Average annual income
  • 837
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Richard to increase the stock of tea leaves, bread, sugar, maize flour, cooking oil and detergents in his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014