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Stephen

Update on Stephen

Stephen used his previous loan amount to buy a bull for slaughter. It was profitable and he was able to pay off the loan amount in good time.

This will be his second loan and he plans to buy goats for slaughter to add to his stock of meat for sale in his butcher shop. He will use the generated profits to buy more goats.

He hopes to grow his business by opening more butcher shops, earn more income and be able to pay school fees for his children.

Previous Loan Details

Stephen has operated his butchery business in Nakuru town for the last three years. He is 53 years old, married to Mercy and they have three children. He was introduced to KADET LTD by one of our field officers and this will be his first loan. He plans to use the loan amount to buy a bull to s... More from Stephen'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
  • 990
    View loans »
    Kenya Loans Fundraising
  • $40,832,700
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Stephen to buy goats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013