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Richard
Richard is a 34-year-old, industrious gentleman. He is married to Mercy, who brings additional income to the family through her milk-selling business. Richard is a father of four children who are between the ages of 3 and 9 years old. He earns a living through livestock rearing and selling where he makes approximately 28,000 KES per month. He learned about KADET from a loan officer who was carrying out a marketing campaign in his area of operation. He has chosen to diversify into the motorcycle transport business, which is a booming business in his local area.

Richard has acquired his first loan of 91,065 KES, which will help him to purchase a new motorcycle. He will use the increased proceeds to pay school fees for his children and to repay his loan.

His hope is to bring up a wealthy and well-educated family.

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
  • 940
    View loans »
    Kenya Loans Fundraising
  • $41,033,900
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $1,050 helped Richard to purchase a motorcycle.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 9, 2013