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Mngumi
Mngumi is 27 years old, male and married. He has two children 7 and 4 years old whom he supports. Mngumi runs a 'boda boda' (motorbike) business which he has run for three years now and operates it within Malindi. He earns a monthly income of Ksh. 5000. He was introduced to KADET Ltd by a Kadet staff member and he is taking out a first loan from Kadet of Ksh.15,000 which he intends to use to service his motorbike.

Mngumi.will use the anticipated profit to buy another motorbike thus expanding his business. His hopes and dreams for his future business are for it to expand and also to make sure his children get a better education and live well.

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
  • 989
    View loans »
    Kenya Loans Fundraising
  • $40,835,025
    Funds lent in using Kiva
  • 86.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Mngumi to service his motorbike.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 16, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014