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Odhiambo

Alternative Health Solutions

Nairobi, Kenya

[Image]
3rd loan
Personal Story

Hello! My name is Vincent. I grew up in Turkana district where my father worked. It was a tough environment which taught me a lot in life. I never take things for granted.

Now, I am in Nairobi living with my family and managing my own business. I am married with two children and taking care of two orphans. I am born again, meaning i have a relationship with Jesus Christ.

My dream is to be a business guru and build an orphanage to take care of orphans.

Personal Update - Feb 19, 2013

My life has improved since I got the first loan tremendously.
I had problems with lots and lots of bills and it was difficult because I was not able to get help.
My business was really slow in generating income and stocking was a problem. But now I can afford to make new purchases and stock my business, thanks to the Kiva community and my trustee Mr. Mkoji.

Personal Update - Sep 17, 2012

My life has improved a lot since I got the loan. I have been able to support my family comfortably.

Business Description

Alternative Health Solutions deal with natural herbal remedies. I decided to start the business after my daughter was healed of allergies with natural remedies.

My biggest challenge is reaching customers through seminars. Collateral, electronic media, and registration fees are all very costly.

In addition, opening a shop in town, while necessary, is also very costly.

My target customers are people from all age groups, from infants to the elderly. One day my goal is to have health shops across the entire country.

Business Update - Feb 19, 2013

The business has been able to sustain itself and my family.
I have been able to stock a variety of products.
I am hoping to be a leader and one stop shop for all herbal supplements and medicine.

Business Update - Sep 17, 2012

I have been able to stock a lot of products which have helped my business to grow.

What did you use your last loan for?

I got an office.

What is the purpose of this loan?

I want to stock more variety and range of products.
When I have a wider range of products, clients won't have to go somewhere else to buy the stuff they want.
I hope it will drive the trading capital and increase my profit.
I believe as a family, we will not be struggling to pay our bills.

Odhiambo's loan is endorsed by Davis Mkoji. The information below explains why his trustee thinks Odhiambo is a great candidate for a Kiva Zip loan.

Endorsement for this loan

How has the borrower's personal life and business changed since receiving a Kiva Zip loan?

Yes the borrower has expanded his business tremendously and opened an office at Hurlingham shopping center where his clients can contact him.

Why are you recommending this borrower for another loan?

He is hard working and has shown due diligence and business commitment.

Update to original endorsement - Sep 17, 2012

How has the borrower's personal life and business changed since receiving a Kiva Zip loan?

The borrower has since increased his stock and he is in a process of expanding his business further. His sales volume has also increased tremendously over the past three months.

Why are you recommending this borrower for another loan?

He has been diligent in repaying his loan and he has shown agility in business and hard work.

Original endorsement - Jun 11, 2012

When and how did you meet this borrower?

I have known him for the past 10 years now at that time i was one of the partners of Perfect Vision Ministry an evangelical ministry where Vincent was serving.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

Vincent is a very persuasive marketer who is full of zeal for God and aims to fulfill his purposes hear on earth. He is extremely outgoing person and easily connect with his clients,

Please describe how a Kiva Zip loan to this Borrower will have a significant and positive social impact on their life.

Vincent deals with herbal remedies and specifically Moringa Oleifera. As an alternative medicine expert Vincent is very knowlwedgeable in this area. This loan will therefore enable him process enough stock to meet the ever increasing demands of his clients.

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

Due to zero rated loans being offered by KIVA, Vincent sees an opportunity for him to expand his business and capitalise on the goodwill.

What are the challenges that you expect this borrower to face in repaying their loan?

His biggest challenges will be servicing the loan within a week since most of his clients pay monthly,

9 Total
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West Hills, CA
C5065
Oakland Township, MI
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Weaverville, NC
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Nairobi, Kenya
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Freiburg, Germany
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Beijing, China
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ENDED

A loan of $375 helps me to stock more products in my herbal remedy store

Disbursed Mar 26, 2013
Repayment Term:
6 monthly payments
Grace Period:
N/A
Listed:
Mar 21, 2013
Disbursed:
Mar 26, 2013
Paying Back:
Mar 26, 2013
Ended:
Sep 24, 2013

About Alternative Health Solutions

Industry:
Healthcare
Years in Operation:
1 year - 3 years
Badges:
Badge_repayment_gold_smallBadge_connectedness_gold_small

Previous Loans

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Amount
$250
Paid Back
Feb 1, 2013
[Image]
Amount
$125
Paid Back
Aug 20, 2012

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:
Individual
Location:
Nairobi, Kenya
Badges:
Badge_repayment_gold_small Badge_connectedness_gold_small
On Zip Since:
Jun 10, 2012
(22 months)
Loans Endorsed:
43
Total Value:
$12,150
Fundraising/Raised:
0
Paying on Time:
10
Paying Back Late:
1
Repaid in Full:
32
Defaulted:
1
Repayment Rate:
99%
Why are you endorsing Odhiambo?

He is hard working and has shown due diligence and business commitment.

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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