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David Khakasa

Kafamily Crafts Enterprises

Nairobi, Kenya

[Image]
2nd loan
Personal Story

I was born in Nakuru Bondeni and we moved to Nairobi Mathare Valley in the early 70's. It was not easy because my father had separated with my mother. We were 3 boys under the care of my father. I went to school in Muthurwa Primary where I used to walk for 7 Kms every morning and evening. While walking to school everyday I observed that there was alot of used charcoal on the way so I created a habbit of collecting the charcoal so that we can reuse at home and enable my father to save the money he would have otherwise used for charcoal. I used to play football for various clubs like Vihiha, AFC Leopards and Utalii but I quit in 1990 to start my current business. I hope that it grows exponentially.

Personal Update - Apr 3, 2013

I bought a phone and it has been helpful to me since I could upload photos of my work to the Sasa Africa website and communicate with clients efficiently.

Business Description

We started this business in 1990 with my wife by making hats and through the years we have perfected our art of making the best hats around. We have diversified from making hats to making some unique pieces of jewelry. We have created employment for over 25 young mothers. We sell our products to tourists and the local people. The biggest challenge that we face is having a good financial support which can help us maintain our employees and make many products. We are also looking forward to a vibrant market of our products globally.

Business Update - Apr 3, 2013

It has been very good.

What did you use your last loan for?

I bought a smart phone which has helped me a huge amount.

What is the purpose of this loan?

I want to buy a working table and create more space for my finishing team. At the same time, the purchase will increase my production, because we will work in a comfortable area. The business will grow, therefore, I believe my family will be happy and this will improve my working condition.

David Khakasa's loan is endorsed by ShopSoko. The information below explains why his trustee thinks David Khakasa 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?

David has progressed in many ways as an Artisan. We have seen him explore creative designs and he is doing a great job.

Why are you recommending this borrower for another loan?

David is innovative and his ideas are marketable.

Original endorsement - Nov 15, 2012

How long have you known this person?

1-6 months

Tell us about your relationship with this borrower.

David is a Sasa Agent, as an independent entrepreneur SasaAfrica aims to assist him on making his goals and developing a business opportunity. Though not involved in your day to day affairs, Sasa will be available to assist you at any time and will provide periodic support to meet his goals. As an Agent he will recruit and manage a network of vendors who will sell products on the Sasa's Trade & Communication Site. Upon every sell David will receive a commission which will be paid directly to him by Sasa. We have memorandum of understanding, communication is two and ongoing at least 2-3 at week.

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

He is open, hard working, creative but most importantly a honest man. He makes jewelry and sells in the Maasai Market. He makes enough income to be able to pay back his loan.

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

He makes jewelry and sells in the Maasai Market, his work is beautiful, unique and high quality. By providing him the loan he can grow his business and have a new stream of revenue. Challenges: l don't foresee any challenges because the amount borrowed should be comfortable for him to payback.

10 Total
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ENDED

A loan of $250 helps me to buy a working table to create more space for my employees to work.

Disbursed Apr 30, 2013
Repayment Term:
12 weekly payments
Grace Period:
N/A
Listed:
Apr 3, 2013
Disbursed:
Apr 30, 2013
Paying Back:
Apr 30, 2013
Ended:
Jul 24, 2013

About Kafamily Crafts Enterprises

Industry:
Arts / Crafts
Years in Operation:
More than 5 years
Badges:
Badge_repayment_bronze_smallBadge_connectedness_gold_small

Previous Loans

[Image]
Amount
$125
Paid Back
Feb 13, 2013

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:
social enterprise
Location:
Nairobi, Kenya
Badges:
Badge_repayment_gold_small Badge_connectedness_gold_small
On Zip Since:
Nov 9, 2012
(17 months)
Loans Endorsed:
27
Total Value:
$5,150
Fundraising/Raised:
0
Paying on Time:
1
Paying Back Late:
4
Repaid in Full:
22
Defaulted:
0
Repayment Rate:
94%
Why are you endorsing David Khakasa?

David is innovative and his ideas are marketable.

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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