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Update on Onesmus

Onesmus has been in business, selling spare parts, for the past nine years. He earns a monthly income of 15,000 KES, which he uses to support his family.

He is applying for his second loan from KADET LTD, after repaying the previous loan successfully. Onesmus will use the new loan to buy more stocks of spare parts to resell.

With the anticipated profit from the business, he will educate his children. His hopes and dreams are to expand his business by buying spare parts in large quantities, and to improve his family's standard of living.

Previous Loan Details

Onesmus is a 48-year-old business man. He is married to Jane, who is a business lady. They are blessed with three children. He has been running a spare parts shop for the past eight years with a monthly income of KES 10,000, which he uses to support his family. He is applying for his first loan… More from Onesmus'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
  • 424
    View loans »
    Kenya Loans Fundraising
  • $38,192,375
    Funds lent in using Kiva
  • 85.0
    Kenya Shillings (KES) = $1 USD
A loan of $1,200 helped Onesmus to purchase spare parts to resell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 15, 2012
Oct 30, 2012
Currency Exchange Loss:
Nov 29, 2012
This photo was used before for a previous loan for Onesmus. It was first posted on Kiva on Jun, 2012. Learn More