Check out some available loans that are similar to this one!
Claris

Update on Claris

Claris is now 37 years old and is still operating her tailoring business in Mombasa. Her business has been doing well and she is grateful for that.

This is Claris' second business loan from KADET, LTD.,which she is using to finance her business. She plans to purchase a new sewing machine, sewing threads, and clothing materials. She will use the anticipated profits to purchase clothing materials and repay her loan.

She hopes to have a bigger, successful business.

Previous Loan Details

Claris is a 36-year-old businesswoman from Mtopanga, Mombasa. She is married and a mother of four children. She runs a tailoring business which has been in operation for the past year. Claris was recently introduced to KADET LTD, and this marks her first borrowing to finance her business. ... More from Claris'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
  • 664
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Claris to purchase a new sewing machine, sewing threads, and clothing materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Claris. It was first posted on Kiva on Oct, 2011. Learn More