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Peter

Update on Peter

Peter used his previous loan of 30,000 KES to boost his building supply business and this increased his monthly income from 64,000 KES to 80,000 KES. He says that he is happy with the progress of his business, although he has not reached his target.

Peter is currently borrowing a loan of 65,000 KES which he intends to use to purchase for the business more stocks of building materials like bricks, iron sheets, glass, timber, etc. He plans to venture into another business with the anticipated profit from this business.

Previous Loan Details

Peter is 49 years old and married to Rose. They are blessed with one child who is 14 years old child. Peter sells building materials in a business he started four years ago and earns 64,000 KES per month. He has requested his first loan of 30,000 KES to purchase more bricks, iron sheets, gla... More from Peter'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
  • 983
    View loans »
    Kenya Loans Fundraising
  • $40,863,875
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Peter to purchase for his building supply business more bricks, iron sheets, glass, timber, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Peter. It was first posted on Kiva on Jul, 2012. Learn More