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Fatuma

Update on Fatuma

Fatuma has been able to repay her first loan successfully, given that the weather season in Mombasa is favorable for juice sale.

She is now requesting for the second loan to purchase more stock of fresh fruits for juice making, and be able to meet the orders from schools around.

She hopes to be a more reliable supplier of fresh fruit juice to schools in Mombasa as a whole.

Previous Loan Details

Fatuma is 46 years old. She is a used clothing vendor and fresh juice maker in Kisauni, Mombasa. She is a single mother who has been in this business for the last twenty-three years. She is requesting for her first loan to increase her stock of used clothes and buy fruit for making fresh juice.… More from Fatuma'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
  • 445
    View loans »
    Kenya Loans Fundraising
  • $38,309,375
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Fatuma to buy more fresh fruits for juice making.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2013
This photo was used before for a previous loan for Fatuma. It was first posted on Kiva on Jan, 2013. Learn More