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Alfred

Update on Alfred

Alfred is 27 years old. A business man, he is married to Dorcas who is a business lady. They are blessed with one child. He has been running a retail shop for the past three years with a monthly income of KES 21,000 which he uses to support his family.

He is applying for his second loan term with KADET after being introduced by a KADET staff member. Alfred will use the loan to purchase a stock of sugar, rice and cooking oil. With the anticipated profit from the business he will boost the business.

His hopes and dreams are to educate his child and buy a piece of land and build rental houses which will help him improve the living standards of his family.

Previous Loan Details

Alfred is 26 years old a business man, he is married to Dorcas who is a business lady. They are blessed with one child aged 9 months. He has been running a retail shop for the past two years with the monthly income of KES 20,000 which he uses to support his family. He is applying for his 1st loan… More from Alfred'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
  • 412
    View loans »
    Kenya Loans Fundraising
  • $38,191,275
    Funds lent in using Kiva
  • 86.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alfred to purchase a stock of sugar, rice and cooking oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014