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Grace

Update on Grace

Grace is a married woman. She has three children with ages ranging from 1 year to 10 years. She describes herself to be a determined and goal-oriented businesswoman. She operates a food stall where she sells snacks and cakes. She has been involved in this business for two years. Her business is located within a busy estate, and her primary customers are residents within the estate. She describes her biggest business challenge to be the high prices of ingredients. She will use the KES 50,000 loan to buy her own oven. She managed to repay well the outstanding loan amount. Her business goal is to be a supplier of cakes and snacks within five years.

Previous Loan Details

Grace is 27 years old, married, and has three children ranging in age from one to ten. She describes herself as a principled woman. She has sold cakes in a busy estate for the last two years. Her business faces the challenge of high prices of ingredients (like baking flour) for baking cakes. She ... More from Grace's previous loan »

Additional Information

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
  • 627
    View loans »
    Kenya Loans Fundraising
  • $39,836,925
    Funds lent in using Kiva
  • 85.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Grace to buy an oven.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Dec, 2011. Learn More