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Grace

Update on Grace

Grace owns a beauty salon, a business she started eight years ago and earns a monthly income of KES 55,000. She wants to purchase hair weaves, braids, shampoos, and conditioners for use in her business and has requested a second loan of KES 50,000. Her profit will aid her to purchase a motorbike for a new line of business. She dreams of being a great entrepreneur in the future.

Previous Loan Details

Grace is 49 years old and married to Christopher, who brings some additional income to the family. They have four children of the following ages: 30, 25, 20, and 18 years respectively. She runs a salon, and she has been in the business for 16 years. Right now her monthly income is KES 10,000. ... More from Grace'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
  • 694
    View loans »
    Kenya Loans Fundraising
  • $42,250,025
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Grace to purchase items to be used in her salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Jan, 2012. Learn More