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Michael

Classic Charcoal

Nairobi, Kenya

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Personal Story

My name is Michael Mutisya Mutua. I am now 28 years old. I am married and have one daugther. She is now 5 years. I was born in Dangoretti Corner in Nairobi province. I have 5 brothers and 5 sisters. I am the first born.

I was a street boy. I used to stay in Nairobi in a place called Jivanjee Gardens, and that was where I was rescued from. A man named Reverend Pastor Baxic Oumo used to come to preach in Nairobi. When he started a center, he brought us in. I grew in the city with no education. I started my education from the center. I came out from the street and when I started, I started from class four. I learned to read and write. I am still close with the pastor. When I finished my education that is when I started my business.

I like business and I like teaching. And I also like adventure. I like to watch wildlife. My favorite animal is the warthog.

Business Description

I cook food. RIght now I am specializing on chips, githeri, and beans. My biggest challenge is that I was robbed. Also, people don't have money, and they eat and they say they will bring money later but never come back.

What is the purpose of this loan?

This loan will be used to buy utensils, plates, a table, and ingredients for my restaurant. I want to buy sheet metal and other materials to repair my restaurant. Eventually I want to have a proper building so that my customers can sit and enjoy their meals.

Michael's loan is endorsed by Economic Projects Trust Fund. The information below explains why his trustee thinks Michael is a great candidate for a Kiva Zip loan.
What is your relationship with the Borrower?

He trained with EPTF in March of 2011. He has developed much interest in EPTF work and is extremely passionate to see his business grow.

How did you meet the Borrower?

Through the EPTF training program.

How long have you known the borrower?

A little over 8 months

Why are you endorsing this Borrower?

Michael came from a very poor background and has been rehabilitated from a street kid. His determination to makes ends meet leads ETPF to this recommendation.

What are the challenges that you expect this borrower to face in repaying his / her loan?

Michael's business was once vandalized/robbed. There could be a repeat occurrence. However he has put measures in place to curb this.

Please describe the due diligence you have done to ensure that the business plans of this Borrower are sound:

EPTF has visited Michael's business several times to monitor his progress. With this additional funding he will be able to renovate his space and market his products much better.

Why do you think this Borrower has the "character" to repay this loan?

EPTF would bank on his determination to succeed in life. He does not want to go back to the streets. He is also a mentor to a rehabilitation home for street children so he would not want to ruin his reputation.

Please describe how a Kiva Zip loan to this Borrower will have a significant and positive social impact:

He is currently an icon in his locality. Any assistance to his business will go a long way towards encouraging the locals to venture into constructive activities

What do you think will happen to the Borrower in the event of default? i.e. What are the risks to the Borrower's life?

If Michael defaulted on his loan, his reputation in the community would be severely affected.

Please describe why this Borrower is requesting a loan from Kiva, as opposed to a traditional loan?

Michael cannot access/afford traditional financing. A Zero rated loan would help him significantly.

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ENDED

A loan of $350 helps me to to buy utensils, plates, a table, and ingredients for my restaurant so that it can grow.

Disbursed Nov 29, 2011
Repayment Term:
12 monthly payments
Grace Period:
N/A
Listed:
Nov 28, 2011
Disbursed:
Nov 29, 2011
Paying Back:
Dec 5, 2011
Ended:
Dec 11, 2012

About Classic Charcoal

Industry:
Energy
Years in Operation:
More than 5 years
Badges:
Badge_repayment_bronze_smallBadge_connectedness_silver_small

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

This loan is endorsed by

Trustee Type:
Non-Profit
Location:
Nairobi, Kenya
Badges:
Badge_connectedness_silver_small
On Zip Since:
Nov 28, 2011
(29 months)
Loans Endorsed:
3
Total Value:
$1,200
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
Not enough data
Defaulted:
Not enough data
Repayment Rate:
89%
Why are you endorsing Michael?

Michael came from a very poor background and has been rehabilitated from a street kid. His determination to makes ends meet leads ETPF to this recommendation.

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.
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