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Hiram

Update on Hiram

Hiram is 23 years old and single with no dependents. He sells second-hand clothes, a business he started four years ago. He earns a monthly income of KES 50,000; he will use the loan amount to purchase shoes and more clothes for sale and has requested a second loan of KES 50,000.

The profit he makes from his businesses will help him open his own shop for displaying shoes and clothes. His dream is to own his own business empire.

Previous Loan Details

Hiram is twenty-three years old single and with no dependents. He sells second hand clothes and shoes, a business he started four years ago, and earns a monthly income of KES 15,000. He has requested a loan worth KES 25,000 to purchase a bale of shirts and and a bale of shoes to sell. The an... More from Hiram'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
  • 942
    View loans »
    Kenya Loans Fundraising
  • $41,061,950
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Hiram to purchase bales of clothes and shoes for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Hiram. It was first posted on Kiva on Apr, 2012. Learn More