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Raymond

Update on Raymond

Raymond has successfully repaid his previous loan, and the business is doing well. This will be his second loan from KADET LTD, and he plans to use the entire loan to purchase more shoes for sale. With the profits, he wants to educate himself on business management and reinvest in his business. In the future, he wants to open a business selling ladies’ clothing.

Previous Loan Details

Raymond has been selling shoes for the last four years in Kayole in Nairobi City. He is 35 years old married to Mercy. They have been blessed with one child. He was introduced to KADET LTD by a friend who is also a KADET client. This will be his first loan, which he intends to use to construct... More from Raymond'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
  • 766
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 82.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Raymond to buy more shoes for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Raymond. It was first posted on Kiva on Aug, 2011. Learn More