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Lemashon

Update on Lemashon

Lemashon is 27 years old. He is still single and supports his parents. He has been running a retail shop for the past four years, making a monthly income of KES 12,000.

He has applied for his third loan from KADET LTD, in the amount of KES 50,000. He plans to use the loan to purchase more stock of cooking fat, washing detergents, and maize flour, for resale in his shop.

The anticipated profits will be reinvested into his business. His future dream is to improve his family's living standard.

Previous Loan Details

Lemashon, 26 years old, is single and supports his parents. He has been running a retail shop for the last seven years. Lemashon knew about KADET through other clients registered in his area. This will be his second loan with KADET. He intends to spend it by buying more stock, such as sugar, ... More from Lemashon'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
  • 943
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 87.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lemashon to buy cooking fat, washing detergents, and maize flour, for resale in his shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 9, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Lemashon. It was first posted on Kiva on Dec, 2011. Learn More