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Update on Joseph

Joseph runs a retail shop in Olkalau town. He used his previous loan amount to buy more stock of sugar, rice and soft drinks to sell in his shop. It was profitable, and he was able to pay the full loan amount.

Besides the retail shop business, he is also a farmer. He plants cash crops such as maize, beans, potatoes and vegetables to sell. For this second loan, he plans to use the money to buy farm inputs.

He hopes to improve his farming methods, make more income and provide a good education for his children as well as improve the living standards of his family.

Previous Loan Details

Joseph has operated his retail shop in Olkalou town for the last 19 years. He is 41 years old, married to Nancy and they have three children. He was introduced to KADET LTD by one of our field officers and this will be his first (KADET) loan. He paid all his previous loans well and in good tim... More from Joseph'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
  • 721
    View loans »
    Kenya Loans Fundraising
  • $44,802,225
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Joseph to buy farm inputs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 7, 2012
Sep 30, 2012
Currency Exchange Loss:
Dec 17, 2013