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Purity

Update on Purity

Purity is a lady of 37, married to John, and a mother of two children. She sells cosmetics and curtains in Kangemi and has been in this business for seven years. She gets a monthly income of KES 26,000 (Kenya shillings).

This will be Purity's third loan with Kenya Agency for Development of Enterprise and Technology (KADET). She plans to use the entire loan to buy more curtains, cosmetics, and accessories, like bangles, earrings, and chains to sell. In the future, she wants to open a shop.

Previous Loan Details

Purity is a thirty-six-year-old woman who is married and a mother of two children. She runs a cosmetics shop in Kangemi. Purity has been in the business for four years now and gets a monthly income of fifty-three thousand shillings. This will be Purity’s first loan with KADET LTD, she pla... 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
  • 1022
    View loans »
    Kenya Loans Fundraising
  • $40,873,425
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Purity to buy more curtains, cosmetics, and accessories, like bangles, earrings, and chains for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014