Check out some available loans that are similar to this one!
Godfrey

Update on Godfrey

Godfrey is 33 years old and supports only himself. For the past 4 years, he has owned an M-Pesa service (mobile phone-based cash transfers and other financial services) in Kapsabet, earning an income of KES 10,000. Godfrey is now servicing his second term loan of KES 70,000 from KADET LTD to increase his business float and to purchase phone accessories for his business. Godfrey will use the profits he earns to repay the loan and to save for future investments. He hopes to have a family and live a better life.

Previous Loan Details

Godfrey is a single man, age 33. He supports no one other than himself. He owns an M-PESA service (mobile phone-based cash transfers and other financial services) in Kapsabet and has been in operation for four years. He earns an income of 10,000 KES. He is now servicing his first loan with KAD... More from Godfrey'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
  • 721
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Godfrey to add to his M-PESA business float.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014