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Update on Luka

Luka is 39 years old and a businessman. He is still running his retail and ice cream outlet wholesale shop for the past six years with support from his wife Mary. His monthly income has increased to KES 30,000 which he uses to support his family.

Luka is applying for his third loan from KADET LTD, which he intends to use to open another ice cream outlet because of increased clientele.

With the anticipated profit from the business he will improve the living standard of his family and educate his children. His hopes and dreams are to give his family the best education.

Previous Loan Details

Luka is a 39-year-old businessman, he is married to Mary, who is a farmer. They are blessed with five children aged thirteen, nine, seven, six and five respectively. He has been making and selling ice cream for the past six years with a monthly income of 19,000 Kenyan Shillings (KES) which he us... More from Luka'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
  • 725
    View loans »
    Kenya Loans Fundraising
  • $43,726,300
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Luka to open another ice cream outlet.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 14, 2013
Jan 31, 2013
Currency Exchange Loss:
Feb 17, 2014
This photo was used before for a previous loan for Luka. It was first posted on Kiva on Oct, 2012. Learn More