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Mwaniki

Update on Mwaniki

Mwaniki has been running a retail shop as a primary business and is a mixed crop farmer as a secondary business for the past ten years with a monthly income of KES. 11,000 which he uses to support his family. He is applying for his second loan from KADET LTD, after repaying the previous loan successfully.

Mwaniki will use the loan to purchase a stock of sugar, rice, seedlings and fertilizer. With the anticipated profit from the business he will educate his children.

He hopes to buy a piece of land and build rental houses one day.

Previous Loan Details

Mwaniki is a fifty-nine-year-old business man. He is married to Tabitha who is a business lady and they are blessed with four children aged fourteen, ten, five and two. He has been running a retail shop as a primary business and is a mixed crop farmer as a secondary business for the past ten year... More from Mwaniki'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
  • 984
    View loans »
    Kenya Loans Fundraising
  • $40,835,025
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Mwaniki to purchase a stock of sugar, rice, seedlings and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 7, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Mwaniki. It was first posted on Kiva on Jun, 2012. Learn More