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Nkirimpa

Update on Nkirimpa

Nkirimpa, now a father of three, has successfully paid up his previous loan. Owing to the plenty of animal feeds in this rainy season the business is doing great.

He has asked for his second loan of KES. 100,000 which he will use to buy more sheep and goats to fatten for sale.

He plans to use the increased proceeds to pay college fees for his children who are almost completing high school. His dream is to see his family prosper.

Previous Loan Details

Nkirimpa is 34 years old. He is married to Sikinan, who works as a teacher. They are blessed with two children, age 2 and 12 years. He has been in business for six years in which he earns KES 20,000 monthly. This is his first KADET Ltd. loan, which he will use to purchase more animals for ... More from Nkirimpa'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
  • 922
    View loans »
    Kenya Loans Fundraising
  • $41,730,500
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nkirimpa to buy more sheep and goats to fatten for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014