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Purity

Update on Purity

Purity used her previous loan to increase her inventory of tea leaves, sugar, and soft drinks for her business. That prior loan enabled her to increase her monthly income from 15,000 KES to 20,000 KES.



She is now seeking a loan in the amount of 80,000 KES, which she intends to use to add more inventory for the shop and to purchase maize for re-sale. She plans to open an M-pesa shop with the anticipated profits generated from the business as a result of the loan. Her dream is to own her own wholesale shop.

Previous Loan Details

Purity is 41 years old, married, and has three children. She runs a retail shop and has been in this business for three years earning a monthly income of 15,000 KES. Purity is requesting for a loan for 30,000 KES, which she will use to buy more tea leaves, sugar, and soft drinks to sell. The... More from Purity'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
  • $40,835,025
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Purity to continue to expand and improve her business by purchasing additional inventory (e.g., tea leaves, sugar, soft drinks, and maize).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Purity. It was first posted on Kiva on Jan, 2012. Learn More