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Harrison Nguri

Update on Harrison Nguri

Harrison has operated his bakery shop in Ndunyu Njeru town for the last 10 years and the business has improved greatly. He has a good credit history with KADET LTD.

Harrison has applied for his sixth loan from KADET LTD to enable him to buy baking flour and other cooking ingredients for his bakery.

In the future, Harrison hopes to grow his bakery shop and be a leading baker in the area.

Previous Loan Details

Harrison has operated his baker shop in Ndunyu Njeru town for the last 10 years. He is 28 years old and married to Margaret Wangui. They have two children. He was introduced to KADET LTD by his friend and this will be his fourth loan. He paid all his previous loans well and in good time. He... More from Harrison Nguri'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
  • 723
    View loans »
    Kenya Loans Fundraising
  • $39,776,375
    Funds lent in using Kiva
  • 84.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Harrison Nguri to buy baking flour and other cooking ingredients for his bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Harrison Nguri. It was first posted on Kiva on Mar, 2011. Learn More