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Ekamais

Update on Ekamais

Ekamais has a grocery stall where he sells fruits, vegetables, maize, and beans. He started this business a year and a half ago, and earns a monthly income of 50,600 KES.

He has requested for a second loan of 89,000 KES to purchase fruits, and bags of maize and beans for sale. The profit made will contribute towards him buying a piece of land and building rental houses to let.

His dream is to see this business expand.

Previous Loan Details

Ekamais is 38 years old, married to Selina and blessed with four children, ages 17, 15, 12 and 10 years respectively. Ekamais has a grocery stall where he sells fruits and vegetables. He started this business a year ago and earns a monthly income of 9,000 KES. He has requested a loan of 30,00... More from Ekamais'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
  • 806
    View loans »
    Kenya Loans Fundraising
  • $42,367,725
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ekamais to purchase fruits, maize, and beans for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Ekamais. It was first posted on Kiva on Apr, 2012. Learn More