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Michael
Michael is 43 years old and comes from Nakuru. He is married to Agatha who does not produce additional income for the family. He has four children aged 14, 11, 8 and 3 years old.

He has a general retail shop where he sells vegetables like tomatoes, cabbages and onions and he also sells items like sugar, flour, salt, cooking fat, rice, etc. He has applied for a loan of Kshs. 20,000 which is his second from Kadet Ltd, and he intends to use it for adding stock to his shop.

His monthly income at present is Kshs. 15,000 and his intention is to use the anticipated profit from the expanded business for improving his farming activities. His hopes and dreams for the future are that one day he will buy some plots and build rental houses for more income.

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
  • 585
    View loans »
    Kenya Loans Fundraising
  • $39,225,400
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Michael to buy more stock like vegetables (tomatoes and cabbages) and groceries.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014