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Samuel

Update on Samuel

For the last four years Samuel has been operating a retail electronic shop in the Murungaru area of Ndunyu Njeru. He is 32 years old and married to Jane. They are blessed with one child.

Samuel was introduced to KADET LTD by his friend, who is also a KADET client. This will be his fourth loan. He paid back his previous loan of 60,000 KES in full and in good time. He plans to use this new loan to buy stocks of electronic goods to sell in his shop.

In the future, Samuel aspires to open a wholesale electronics shop and to supply electronic goods for the whole of Ndunyu Njeru.

Previous Loan Details

For the last three years Samuel has been operating a retail electronic shop in Murungaru area, Ndunyu Njeru town. He is 31 years old and married to Jane. They are blessed with one child. Samuel was introduced to KADET LTD by his friend, who is also a KADET client. This will be his third loan.... 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
  • 924
    View loans »
    Kenya Loans Fundraising
  • $42,872,200
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $1,175 helped Samuel to buy stocks of electronic goods for his shop.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 6, 2012
This photo was used before for a previous loan for Samuel. It was first posted on Kiva on Jun, 2011. Learn More