Funded

Total loan: $500
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Lucas Kungu

Kenya
Kiserian;Nairobi, Kenya / Motorcycle Transport

A loan of $500 helped to buy spare parts for his motorbike.


Lucas Kungu's story

Lucas Kungu is 28 years old and runs a motorcycle transport business popularly known as ‘bodaboda’ in Kenya. His business is in the town of Kiserian, which is a very busy place. He is married to Ann Wacu, and they have a two-year-old daughter. Lucas was introduced to KADET by another KADET client.

Lucas has been running his business for two years and his monthly profit is 20,000 Kenyan shillings. This loan of 40,000 Kenyan shillings is his second loan with KADET. He intends to purchase spare parts for his motorbike with the loan. If the loan boosts his business he will purchase another motorbike and employ someone to operate it.

Lucas dreams of buying a piece of land in the future and build houses to rent out. He describes himself as hardworking.



Loan details

Loan length:

8 months
Disbursed date: November 30, 2010
Facilitated by Field Partner: VisionFund Kenya

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 30, 2010
Facilitated by Field Partner: VisionFund Kenya