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Kennedy

Update on Kennedy

Kennedy is now 24 years old and supporting two of his children. He is still operating his kerosene/diesel selling business and his monthly income has increased to about KES 20,000.

He has borrowed a second loan of KES 40,000 from KADET LTD and intends to use this amount to purchase more stock of kerosene and diesel for resale.

The profits that he earns will be used to repay the loan and plow back into the business. His dream is to own a filling station supplying all types of fuel.

Previous Loan Details

Kennedy is 23 years old and married with two children. He is in the kerosene and diesel business and has been in operation for the last four years earning 16,000 KES monthly. This is his first loan of 15,000 KES. He will use it to purchase fuel for resale. He plans to plough back the anticipa... More from Kennedy'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
  • 854
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 86.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Kennedy to purchase more stock of kerosene and diesel for resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Jan 22, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013