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Zachary

Update on Zachary

Zachary used his previous loan amount to buy more stock of goods to sell in his shop. It was profitable and he was able to repay the loan amount well and in good time.

He plans to use this loan amount to buy more stock of rice, sugar, cooking oil and maize flour. He plans to grow his business and open a wholesale shop in the future.

Previous Loan Details

Zachary has operated his retail shop in Ndunyu Njeru town for the last two years. He is 23 years old, married to Jane, and they have one child. Introduced to KADET LTD by one of our existing clients, Zachary is requesting his first loan in order to buy more goods to sell in his retail shop. ... More from Zachary'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
  • 716
    View loans »
    Kenya Loans Fundraising
  • $42,279,525
    Funds lent in using Kiva
  • 84.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Zachary to buy more stock for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2012
Listed
Sep 29, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013