Funded

Total loan: $925
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Kaingu

Kenya
malindi, Kenya / Motorcycle Transport

A loan of $925 helped to purchase a motorcycle.


Kaingu's story

Kaingu is a married businessman living in Malindi, Kenya. He is involved in the transport business. He has been employed as a driver where he learned that the business has good returns. Kaingu joined Milango after an invitation from friends to acquire credit to buy a motorcycle; it is the only mode of transport in rural areas where the road network is inaccessible.

Kaingu is applying for a loan of 80,000 Kenyan shillings to purchase a motorcycle. The main challenge for the business is high fuel costs. Kaingu has set his sights on buying a three-wheeler (commonly referred to as a "tuktuk" in Malindi) in the future. He will save the extra income for future investments.


Loan details

Loan length:

14 months
Disbursed date: December 21, 2011
Facilitated by Field Partner: Milango Financial Services

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: December 21, 2011
Facilitated by Field Partner: Milango Financial Services