Funded

Total loan: $375
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Magdaline

Kenya
Makongeni- Thika, Kenya / Clothing Sales

A loan of $375 helped buy new clothes and a shaving machine.


Magdaline's story

Magdalene is a 33-year-old a business lady. She is married to Richard, a business man. They are blessed with one child. She has been running a boutique as a primary business and a barber shop as a secondary business for the past four years, with a monthly income of KES 10,500. which she uses to support her family.

Magdalene is applying for her first loan term from KADET LTD after being introduced by an existing KADET customer. She will use the loan to buy new clothes and a shaving machine.

With the anticipated profit from the two businesses, she will educate her child. Her hopes and dreams are to open a beauty salon together with the barber shop, which will help her increase the living standard of her family.



Loan details

Loan length:

8 months
Disbursed date: February 3, 2012
Facilitated by Field Partner: VisionFund Kenya

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 3, 2012
Facilitated by Field Partner: VisionFund Kenya