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Lucy

Update on Lucy

Lucy is 53 years old, and a business lady. She is still practicing mixed crop farming as her primary business, and for the past one and half years with a monthly income of KES 50,000 which she uses to support her family. Lucy is applying for her second loan with KADET LTD after repaying the previous loan successfully.

She is very happy and grateful to KADET LTD and Kiva Lenders for the financial support. She made a profit out of her business, added savings she had accumulated, and she was able to start a retail shop, which is doing well.

She will use the loan to buy flour, sugar and stationery as stock for her shop. With the anticipated profit from the business she will empower her children with education. Her hopes and dreams are to open a wholesale shop.

Previous Loan Details

Lucy is 52 years old and a mixed crop farmer who is single and a mother of four adult children. She has been in a farming business for the past one year with a monthly income of KES 8,000, which she uses to support her family. She is applying for her first loan with KADET after being introduced… More from Lucy'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
  • 438
    View loans »
    Kenya Loans Fundraising
  • $38,313,825
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lucy to buy flour, sugar and stationery as stock for her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014