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Peter J. is a 23-year-old single man. This gentleman sells charcoal to residents of Marereni where he resides in Malindi town. Peter has been operating his business for three years now.

He wishes to expand his business with the loan he has taken. This is the second time that Peter has taken a loan from KADET Ltd. The loan amounts to 40,000 KES and he intends to add more charcoal for sale, as well as repair his business premises so as to propagate the growth of his business. By growing the business, Peter will be able to satisfy his customers who are mostly from the area where his business is situated.

He hopes to eventually come to own a wholesale charcoal business where he would be able to sell his charcoal products in bulk to hotels around Marereni and other towns.

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
  • 413
    View loans »
    Kenya Loans Fundraising
  • $50,225,025
    Funds lent in using Kiva
  • 79.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Peter to buy more charcoal for sale and repair the business premises.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 24, 2010
Jan 1, 2011
Currency Exchange Loss:
Mar 15, 2012