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Aug 4, 2016 2:02 EDT

Kenya – John: A loan of $850 helps to buy iron sheets, paint and clay to make jiko stoves.

iCrowdNewswire - Aug 4, 2016


Nanyuki, Kenya / Manufacturing
Borrower image

John’s story

John is a happily married man aged 28 years and is the father of two children. They live in Nanyuki where he is a businessman and his wife takes care of the home. He supports his family.

John is a hardworking man. He manufactures jiko stoves that are used in many homes in Kenya. His jikos use charcoal as the main source of fuel and they are fuel efficient and retain a lot of heat. He has clients on a daily basis and wholesalers who buy from him in large quantities to resell. His business does well and enables him to cater for the needs of his family. His challenge has been lack of enough materials to make jikos due to large sales and high demand. With this loan, John will buy iron sheets, clay and paint to manufacture more jikos.This will be a big boost to his business and will see his profit multiply due to the sales. He will use his profit to pay his loan and support his family. He is an astute businessman who is prudent and faithful and his clients like him. He has taken three loans so far and paid them off well and this is his fourth loan. His dream is for his business to blossom further and to educate his children to university. 

This loan is special because:

It gives financial access to low income micro-entrepreneurs. 

Kiva staff 

More about this loan

This loan provides low income micro-entrepreneurs with working capital. It enables these business owners to pursue business opportunities and improve their livelihoods and that of their families. By supporting this loan, you provide access to financial services to those with difficulties accessing financing from traditional sources.

About Kenya ECLOF:

ECLOF Kenya is a microfinance institution that provides financial and non-financial services to micro, small, and medium entrepreneurs in Kenya. It provides a variety of services in all sectors of the economy.

The organization is committed to supporting low-income students in Kenya. ECLOF Kenya is currently working on a higher education loan program to benefit low-income students. Kiva’s partnership is extremely important in providing a low-risk strategy for launching the student loan product and providing many students with opportunities they otherwise would not have access to.

A loan of $850 helps to buy iron sheets, paint and clay to make jiko stoves.

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