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Update on Paul

Paul still operates an agrovet shop and sells farm supplies to his clients in Malindi for a living. He earns a monthly income of about 10,170 KES (Kenyan shillings). The loan of 70,000 KES given to Paul will allow him to purchase additional stock such as fertilizer, seeds and farm sprays.

He will use the anticipated profits to pay school fees for his children. Paul intends to continue growing his business and hopes that one day, he will come to own a well-established agrovet wholesale shop in the area.

Previous Loan Details

Paul is 53 years old, married, and the father of one child. He operates an agrovet business (providing farm and animal products) and has been in it for the last three years with a monthly profit of approximately KES 20,000. He was introduced to KADET LTD by a credit officer, and he is applyin... More from Paul'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
  • 742
    View loans »
    Kenya Loans Fundraising
  • $43,812,675
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Paul to purchase additional stock such as fertilizer, seeds and farm sprays.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 19, 2013
Apr 27, 2013
Currency Exchange Loss:
May 17, 2014
This photo was used before for a previous loan for Paul. It was first posted on Kiva on Nov, 2011. Learn More