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Lucy

Update on Lucy

Lucy is 53 years old, married to Stephen and has grown-up children. She takes care of one grandchild who is five years old.
She runs a bakery in Kiambaa village on the outskirts of Kangemi.
She has been in this business for two years now and gets a monthly income of 40,000 shillings.
This will be Lucy's second loan with KADET LTD. She plans to use the loan to buy a mixing machine and two cows.

Previous Loan Details

Lucy is a fifty-two-year-old lady; she is married and has grown-up children. She has a bakery and a livestock business in Kiambaa. She has been in the bakery business for one year now and gets a monthly income of thirty-five thousand shillings. This will be Lucy’s first loan from KADET LTD,… More from Lucy'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
  • 432
    View loans »
    Kenya Loans Fundraising
  • $38,192,375
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Lucy to buy mixing machine for her bakery and two cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014