A loan of $950 helped to add credit to his M-Pesa business.


Peter Njoroge's story

Peter M. is separated from his wife. He lives in Nairobi. Peter was introduced to KADET by existing clients and has no previous credit or loan history from any other microfinance institutions. Peter has been running a laundry service for six years. He also sells DVD's and operates an M-Pesa (a mobile-phone based money-transfer service that allows users to deposit, withdraw, and transfer money, and pay bills, at very affordable rates without visiting a bank). Peter operates his businesses in a residential area of Nairobi. Peter intends to use the loan to add credit to his M-Pesa business. He anticipates extra profits that he will invest in a new laundry machine. Peter hopes to own several M-Pesa branches and outlets. He believes he is a hard worker he knows he will accomplish this task.



Loan details


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Loan details