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Miriam

Update on Miriam

Miriam operates a tailoring business in Nakuru. She used her previous loan to buy more textile materials for use in her business. She was able to buy and it was very profitable. She repaid the loan well and in good time.

This will be her second loan and she plans to use the amount to buy more textiles to be able to meet her customers' needs and demands. In the future, Miriam hopes to grow her business and supply textile materials to other tailoring businesses, and hence make more income and be able to provide good living standards for her family.

Previous Loan Details

Miriam has operated her tailoring shop in Nakuru town for the last 19 years. She is 38 years old, married to Jonathan and they have seven school-going children. She was introduced to KADET by one of our field officer during marketing in Nakuru and this will be her first loan. She plans to use the… More from Miriam'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
  • 475
    View loans »
    Kenya Loans Fundraising
  • $38,223,325
    Funds lent in using Kiva
  • 84.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Miriam to add to her stock of textiles for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013