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Florence

Update on Florence

Florence used her previous loan to purchase cloth materials to sell, as well as sewing threads and needles. Right now her monthly income from the business is KES 36,000. She is borrowing KES 100,000 which she intends to use to purchase a modern machine and assorted cloth fabrics.

She plans to build rental houses with the anticipated profit from the business. This is her second loan and she successfully repaid her previous loan.

Previous Loan Details

Florence is 32 years old, married to Richard and blessed with children. She is a tailor. She started her business five years ago and earns a monthly income of KES 5000. She has requested her first loan of KES 30,000 to purchase cloth materials to sell, as well as sewing threads and needles. ... More from Florence'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
  • 949
    View loans »
    Kenya Loans Fundraising
  • $41,678,675
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Florence to purchase a modern machine and assorted cloth fabrics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 26, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Florence. It was first posted on Kiva on Oct, 2012. Learn More