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Update on Moiyao

Moiyao, who still runs a retail shop and earns a good income, has applied for a loan of KES 80,000 from KADET LTD, to restock his shop with a variety of petroleum products. The anticipated profits will be reinvested for business expansion. His dream is to be successful in life.

Previous Loan Details

Moiyao , 31-years old, married and supports three people. He has been operating a retail shop for the past four years. He has applied for his first loan from KADET LTD, which he will use to buy more stock. With the profits generated he plans to expand his business from retail to wholesale. ... More from Moiyao's previous loan »

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Kenya

  • $1,800
    Average annual income
  • 739
    View loans »
    Kenya Loans Fundraising
  • $44,862,475
    Funds lent in using Kiva
  • 82.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Moiyao to buy more petroleum products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 31, 2012
Mar 4, 2012
Currency Exchange Loss:
Nov 17, 2012
This photo was used before for a previous loan for Moiyao. It was first posted on Kiva on Jun, 2011. Learn More