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Monicah

Update on Monicah

Monicah used her previous loan amount to buy more stock of chicken feed for her chickens. It was profitable, since the chickens laid more eggs for sale, and she also sold some of the chickens to her customers.

This being Monicah’s third loan, she plans to use the amount to buy more stock of chicken feed for her new stock of chickens. This includes both growers’ mash and layers’ mash. She anticipates generating more profits from the sale of the chickens.

Monicah hopes to expand her chicken business by supplying the chickens and eggs to other markets in the region, and thereby make more income.

Previous Loan Details

Monicah is 35 years old. She is married to Henry and together they have two children aged eight and four years old. She has run a cosmetic shop and a chicken rearing business for three years and earns a monthly income of KES.10,000. The loan will be used to purchase chicken feed and to increas... More from Monicah'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
  • 955
    View loans »
    Kenya Loans Fundraising
  • $41,127,600
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Monicah to buy chicken feed for her chicken-rearing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013