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Salina

Update on Salina

Salina is now 56 years old and happily living with her family. Apart from her cereals business Salina owns a retail shop that has been operational for a period of six years, earning an income of KES. 18,000.

She is now her fourth loan of KES. 60,000 from KADET LTD and she wishes to pay school fees for her two children who are in various secondary schools. The profits she earns from her business will be used to pay the loan and also add stock to her business.

Her dream is to ensure they get the best education.

Previous Loan Details

Salina is a 55-year-old married woman blessed with three children aged between 14 to 30 years. Salina runs a cereals store and has been in operation for eight years. The business brings in a monthly income of 12,000 Kenyan Shillings (KES). This is her third loan of 100,000 Kenyan Shillings (K... More from Salina'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
  • 868
    View loans »
    Kenya Loans Fundraising
  • $42,991,025
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Salina to pay school fees for her children.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014