Funded

Total loan: $500
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Patrick Nyutu

Kenya
Mutithi, Kenya / Metal Shop

A loan of $500 helped to buy stock of metal bars for welding.


Patrick Nyutu's story

Patrick M. is a 50-year-old gentleman who is married with three children aged 25, 22 and 18 respectively. He is the sole breadwinner in the family as his wife does not work. He is a welder who has been welding for the past 12 years and he is able to make a profit of about Kshs 28,000 every month. Besides, he has some dairy cows which help him in his secondary business of selling milk.

Patrick is a client who has been in KADET for a while. He is now servicing his third loan after successfully repaying the other two well and on time. He is planning to use the loan to buy stock of metal bars for his welding business. He hopes to make a profit which he will use to boost his business.

Patrick has future plans to open other branches so he can improve his family's living standards.



Loan details

Loan length:

14 months
Disbursed date: September 1, 2010
Facilitated by Field Partner: VisionFund Kenya

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 1, 2010
Facilitated by Field Partner: VisionFund Kenya