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Daniel

Update on Daniel

Daniel is 38 years old, married to Deborah, and they are blessed with three children. Daniel is a carpenter. He has been in this business for the last five years and gets an income of KES 20,000 per month.

Daniel has got a good credit history with Kenya Agency for Development of Enterprise and Technology (KADET) and he is applying for his second loan of KES 40,000 from KADET which he plans to use to buy raw materials, like timber.

He will use the extra profit to expand his business and to educate his children. He hopes to further expand his business.

Previous Loan Details

Daniel is 36 years old, married to Deborah, and they are blessed with two children. Daniel is a carpenter. He has been in this business for the last four years and gets an income of KES.10,000 per month. Daniel has got a good credit history in KADET LTD and he is applying for his second loa... More from Daniel'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
  • 1176
    View loans »
    Kenya Loans Fundraising
  • $40,458,550
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Daniel to buy more raw materials for his business, like timber.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Daniel. It was first posted on Kiva on Feb, 2012. Learn More