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Eliap

Update on Eliap

Eliap serviced his previous loan well and in good time. He is a very hardworking man. Since he joined KADET LTD, through his borrowing, his life has really changed. He sells hardware items in a market. He makes a monthly income of KES. 60,000.

He is taking his sixth loan with KADET LTD. He will use the loan to purchase more general goods like pipes and will provide shade for his customers.

He will use his anticipated profit to open another outlet and to pay school fees for his children. His dream is to better provide for his family and to have a big hardware store in the region.

Previous Loan Details

Eliap I. is 38 years old. He is from Kakamega Town and has a wife, Gaundicia, and two children aged 15 and 10 years old.

Eliap has a business selling hardware items in the open air market in Kakamega. He is currently applying for his fifth loan from KADET Ltd. to enable him buy more hardwar... More from Eliap'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
  • 1001
    View loans »
    Kenya Loans Fundraising
  • $40,863,875
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Eliap to purchase more general goods like pipes and to provide shade for his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014