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Nicholas

Update on Nicholas

Nicholas is a man of twenty-nine years, married to Catherine and a father of two children. He is a dairy farmer and also operates a motorcycle transport business. He has been in these businesses for three years and gets a monthly income of 24,000 shillings.

This will be Nicholas' second loan with KADET LTD. He plans to use the entire loan to buy two cows.

In the future, he wants to be a successful farmer and also open a supermarket.

Previous Loan Details

Nicholas, aged 28, is married and the father of two children. He operates a motorcycle transport business in the outskirts of Kangemi: he also does dairy farming for additional income. Nicholas has been in this transport business for two years and earns a monthly income of 24,000 KES. This is... More from Nicholas'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
  • 882
    View loans »
    Kenya Loans Fundraising
  • $41,162,700
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Nicholas to buy two dairy cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014