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Samson

Update on Samson

Samson is now 50 years old and still married to Lucy. Their children are still well and their business has also been doing well as he is now able to get 5,000 KES from the milk sales business.

He is now applying for his second loan after repaying the previous loan successfully. He plans to use this amount to pay school fees for his children when schools reopen.

He hopes to educate his children up to the university level and improve the family living standard with his milk business.

Previous Loan Details

Samson is a 49-year-old businessman. He is married to Lucy, who is a farmer. They are blessed with four children. He has been buying and selling fresh milk as his primary business. He also has sold new shoes as his secondary business for the past two years with the monthly income of 4,000 KES (Ke... More from Samson'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
  • 718
    View loans »
    Kenya Loans Fundraising
  • $42,281,825
    Funds lent in using Kiva
  • 86.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Samson to buy fresh milk from farmers for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Samson. It was first posted on Kiva on Oct, 2012. Learn More