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Joseph

Update on Joseph

Joseph still operates a spare parts shop. He is applying for his second loan from KADET Ltd. after repaying the previous loan successfully. Joseph will use the loan to add more stock of spare parts so that he can offer the best service to his customers.

With the anticipated profit from the two businesses, he will boost his business by buying old metals and oil. His hopes and dreams are to educate his children up to university level and improve his family’s living standards.

Previous Loan Details

Joseph is 38 years old and a businessman. He is married to Miriam and they have two children. Joseph has been selling car spare parts for the past 10 years with a monthly income of KES 9,000 which he uses to support his family members. He is applying for his first loan from KADET LTD. Joseph ... More from Joseph'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
  • 972
    View loans »
    Kenya Loans Fundraising
  • $43,091,150
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Joseph to purchase mechanic working tools like spanners, bolts etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Joseph. It was first posted on Kiva on May, 2012. Learn More