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Patricia

Update on Patricia

Patricia has a good credit history with KADET LTD. She owns a salon and also sells clothes. She has been doing this business for the last 20 years and comfortably makes a monthly income of KES. 20,000.

She is taking third loan with KADET LTD, which she will use to purchase new stock for her salon. She will use the anticipated profits to pay school fees and expand her business.
She has a dream of becoming a successful businesswoman.

Previous Loan Details

Patricia Nyangweth is 48 years old from Kisumu city. Her husband, Michael, is currently unemployed and she is left with the sole responsibility of taking care of the family. They have eight children who are all in college. Patricia has a second hand clothes business that she has been running f... More from Patricia'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
  • 940
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 87.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Patricia to purchase hair drier and other items for her salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014