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Mary

Update on Mary

Mary is a sixty-three-year-old lady. She is single and blessed with three children who are all adults. Mary started selling charcoal due to the demand of her customers, as she is a wholesale grocery supplier. She also has rental houses. She has been in business for twenty years and gets a monthly income of about KES 70,000.

This will be Mary's fourth loan with KADET LTD. She plans to use the loan to purchase sixty bags of charcoal and to renovate her rental houses. In the future she hopes to own more rental houses.

Previous Loan Details

Mary is 62 years old and the single mother of three. For the past 31 years, she has worked as a wholesale grocery supplier and she also has rental houses. Mary earns a monthly income of 66,000 KES from her businesses. Mary is requesting a loan to buy groceries and renovate her rental houses. ... More from Mary'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
  • 668
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mary to purchase sixty bags of charcoal and to renovate her rental houses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014