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Godfrey

Update on Godfrey

Godfrey, a seller of food condiments in Nakuru town, used his previous loan amount to buy more stocks of condiments to sell. It was a profitable purchase, and he was able to repay the loan well and in good time.



This will be Godfrey's second loan term which he will use to buy more condiments. Since demand for his products is high, he anticipates making more profits with which he will pay school fees for his children.



In the future, Godfrey hopes to start a wholesale business, earn more income and be able to provide a good education for his children.

Previous Loan Details

Godfrey is 44 years old, married to Grace, and they have 4 children. He sells food condiments like garlic and red onions in the marketplace and also supplies some to hotels and restaurants in Nakuru town. He was introduced to KADET by one of the existing clients and this will be his first loan… More from Godfrey'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
  • 364
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Godfrey to buy more stocks of food condiments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Godfrey. It was first posted on Kiva on Apr, 2012. Learn More