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Update on Franco

Franco has been in business for almost his entire life. He has been doing this business for the past 18 years and makes a monthly income of KES 39,500.

Now he is taking his seventh loan from KADET LTD. He will use it to add more stock of cooking oil, maize flour, packets of salt, and soft drinks to his inventory, to resell. He will use the anticipated profit to open up another outlet.

His dream is to become a large-scale businessman and better provide for his family.

Previous Loan Details

Franco is 36 years old and this gentleman is from Kakamega, one of Kenya’s largest counties. He is married to Alice who is a business lady and they have four children under their care. Franco operates a retail shop in Kakamega Town and has been running this business for the last 17 years. He... More from Franco'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
  • 674
    View loans »
    Kenya Loans Fundraising
  • $44,779,550
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Franco to add more stock of cooking oil, maize flour, packets of salt, and soft drinks to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 11, 2013
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Franco. It was first posted on Kiva on Jun, 2011. Learn More