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Victor

Update on Victor

Victor is a 41-year-old married man. He has two children, 5 years and 10 years old. He describes himself to be an optimistic man. He operates a retail business where he sells electrical goods. He has been involved in this business for 10 years. His business is located at a potential business area and his primary customers are local residents. He describes his biggest business challenge to be lack of enough capital to improve the business. He will use the Kes 50,000 loan to buy electrical goods. His business goal is to improve his business within 5 years. This is his second loan with SMEP DTM.

Previous Loan Details

Victor is a 40-year-old married man. He has two children age 5 and 10 years. He describes himself as creative. He operates a service business where he provides electronic installation services. He has been involved in this business for 10 years. His business is located at a potential business... More from Victor's previous loan »

Additional Information

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
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Victor to buy electrical goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Victor. It was first posted on Kiva on Sep, 2012. Learn More