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Kiva loan number 23

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- Liza Kongato Chirichir from Kenya is repaying a Kiva loan

23

Location: Kabarnet, Kenya

Repayment Term: 11 months (more info)

Activity: Farming   Repayment Schedule: Monthly

Loan Use: To purchase farm inputs and pay school fees

Liza Chirichir is a 56-year-old lady who is married to Mr. Joseph Chirichir. They have been blessed with nine children: Hilda (26 years), Jeptui (30 years), Kimoi (28 years), Henry (26 years), Winny (24 years; in university), Edwin (22 years; in university), Robert (20 years; in university), Kipngetich (17 years; in high school) and Gideon(12 years; in primary school).

Liza is a farmer and she has been farming for eight years now. Her farming business generates a profit of Ksh 5,000 per month. She has no other sources of income. Liza’s business is situated in Timboiywo where most of her customers are residents.

Liza has obtained a loan of Ksh 80,000 from KADET. Ksh 50,000 of this loan will be used for farming and the balance will be used to pay school fees. She has never borrowed from another financial institution. If this loan boosts her business she will use the extra profit to pay school fees for her children.

Liza dreams of having a good dairy cow and she describes herself as hardworking.

(click to continue reading Kiva – Liza Kongato Chirichir from Kenya is repaying a Kiva loan.)

 

Country: Kenya Avg Annual Income: $1,445 Currency: Kenya Shillings (KES) Exchange Rate: 76.4932 KES = 1 USD

 


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Written by Seth Anderson

March 15th, 2010 at 1:06 pm

Posted in Business

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