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Geoffrey

Update on Geoffrey

Geoffrey is still running the tailoring business and he is happy with the progress of the business. He is also still happily married to Joyce and they now have four children.

Geoffrey is applying for another loan after successfully repaying the previous loan. He will use the loan to buy textile materials and another sewing machine since he wants to expand his business. With the anticipated profit from the business, he will educate his children. His dreams are to open a boutique shop and to improve the family's living standard.

Previous Loan Details

Geoffrey is a 40 year old a business man, and he is married to Joyce, a business lady. They are blessed with three children. He has been a tailor for the past ten years with the monthly income of KES 15,000 which he uses to support his family. He is applying for his first loan from KADET LTD, ... More from Geoffrey'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
  • 880
    View loans »
    Kenya Loans Fundraising
  • $43,068,825
    Funds lent in using Kiva
  • 86.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Geoffrey to buy textile materials and another sewing machine for his tailoring business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Geoffrey. It was first posted on Kiva on Apr, 2012. Learn More