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Isaac

Update on Isaac

Isaac is 36 years old and living happily with his wife and four children who range in age from three to nine years old. He made enough money from his previous businesses to open a cafeteria, where he earns KES. 19,000 a month. He is requesting his fourth loan, for KES. 80,000, from KADET LTD to buy supplies for his business, including maize and wheat flour, cooking fat, tea leaves, sugar, rice and new utensils. He will use the profits he earns to pay school fees and make payments on this loan. His dream is to be prosperous in his business and live happily with his family.

Previous Loan Details

Isaac is 35 years old. He is married to Nancy and supports a family of six people. They are blessed with four children between 2 and 8 years old. Isaac runs a grinding mill (posho mill) and has been in business for six years, earning a monthly income of KES.8,000 from the business. This is ... More from Isaac'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
  • 962
    View loans »
    Kenya Loans Fundraising
  • $41,799,600
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Isaac to buy maize and wheat flour, cooking fat, tea leaves, sugar, rice and new utensils for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013