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Update on Jackson

Jackson is applying for his third business loan from KADET LTD. He plans to purchase more bicycle tires, pedals, and tubes. He will use the anticipated profits to open another shop.

He hopes to excel in the business and have a happy family.

Previous Loan Details

Jackson is a 37-year-old father of four children. He is a proprietor of a bicycle repair shop in Buguta, Voi, that has been in operation for the last nine years. The business is doing well. Jackson has requested a second loan from KADET LTD to finance his business. With the money, he plans to ... More from Jackson'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
  • 736
    View loans »
    Kenya Loans Fundraising
  • $44,827,200
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Jackson to purchase spare bicycle parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 14, 2012
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Jackson. It was first posted on Kiva on Nov, 2011. Learn More