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Jerald

Update on Jerald

Jerald is applying for his second loan from KADET LTD. He plans to use the loan to purchase more combs, hair foods, salon towels, and hair chemicals for his shop.

He will use the anticipated profits for the gradual expansion of his cosmetics shop.

He hopes to be successful in this business and be able to live a happy life.

Previous Loan Details

Jerald is a 34-year-old single man. Jerald was recently introduced to KADET. He runs a cosmetics shop in Mariakani. He has been running this business for the past one year. This marks his first borrowing from KADET LTD., and with this loan he plans to purchase a variety of body lotions, hair ... More from Jerald'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
  • 616
    View loans »
    Kenya Loans Fundraising
  • $39,970,625
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Jerald to purchase more combs, hair foods, salon towels, and hair chemicals for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Jerald. It was first posted on Kiva on Oct, 2011. Learn More