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Benjamin

Update on Benjamin

This marks Benjamin's third loan to finance his expanded baking business. He has requested the current loan in order to buy baking trays for use in his business.

With his previous loan, Benjamin opened a sub-branch which specializes on baking cookies exclusively; he has done great and has a large clientele. He has a vision of owning a full-fledged bakery in the future.

Previous Loan Details

Benjamin is a 45-year-old baker in Shanzu Mombasa. He is a married father who supports four, with his wife providing additional income through fish farming. He has been in this business for the past five years and has done great. Benjamin will use the requested loan to purchase more baking tra... More from Benjamin'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
  • 943
    View loans »
    Kenya Loans Fundraising
  • $41,091,050
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Benjamin to purchase baking trays.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Benjamin. It was first posted on Kiva on Jan, 2013. Learn More