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Josphat

Update on Josphat

Josphat is a happy person who took out a previous loan. He increased his income and repaid the loan on time. He is grateful to the lenders. Josphat is therefore asking for a loan of 41,900 Kenya shillings to purchase more household items to sell. He now employs one more person in the business.

Previous Loan Details

Josphat is married and has two children. He is a retail shop owner living in Changamwe, Kenya. He has been operating the business for three years. The family also earns some income from his formal employment. He intends to improve his retail shop. His current challenges are the high cost of trans... More from Josphat's previous loan »

Additional Information

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
  • 719
    View loans »
    Kenya Loans Fundraising
  • $39,776,375
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Josphat to purchase additional retail products like soap, vegetables, sugar and flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014