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Samuel

Update on Samuel

Samuel used his previous loan amount to buy more clothes for sale, and it has been profitable.

This being his second loan, he plans to use the amount to add more stock of clothes, especially ladies dresses for sale. He will also add more stock of shoes.

Samuel hopes to grow his business and make more income and thus be able to provide good education for his children. He also hopes to build a house for his family.

Previous Loan Details

Samuel is 31 years old, from Nakuru, and married with two children who are in school. Samuel has a clothing business that he has been doing for the past five years. He has applied for his first loan from KADET LTD to enable him to buy more clothes for sale. He hopes to open a shopping mall... More from Samuel'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
  • 1022
    View loans »
    Kenya Loans Fundraising
  • $43,108,375
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $600 helped Samuel to buy more clothes and shoes for sale.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2012