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Safari

Update on Safari

This marks Safari's second loan after repaying the first one successfully. He will use the money to stock more sacks of charcoal to prepare for the coming long rains in the month of March. He hopes to make a great profit on the sales and venture into a second business.

Previous Loan Details

Safari is a 42 year old charcoal seller in Kisauni, Mombasa. He is married to Judith and blessed with five children. He has been selling charcoal for the past year with success. This is Safari’s first business loan from KADET LTD to finance his business. He plans to purchase more sacks of charco... More from Safari'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
  • 586
    View loans »
    Kenya Loans Fundraising
  • $39,225,400
    Funds lent in using Kiva
  • 86.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Safari to purchase more sacks of charcoal to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Mar 10, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2014
This photo was used before for a previous loan for Safari. It was first posted on Kiva on Sep, 2012. Learn More