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Samwel

Update on Samwel

Samwel is fifty two years old. He is married to Priscilla and they are blessed with five children. He practices farming, a business he ventured into five years ago, and earns a monthly income of KES 30,000. The previous loan has helped him expand his farming adding more profit to his business.

He has requested his fifth loan of KES 50,000 to purchase fertilizer for the planting season. The anticipated profit will aid him to educate his children and open up a business for his wife.

He hopes to continue farming and become a great farmer in his village.

Previous Loan Details

Samwel is fifty years old. He is married to Priscilla and they are blessed with five children aged twenty, eighteen, sixteen, fourteen and twelve years old. He practices farming, a business he ventured into four years ago and earns a monthly income of KES 15,000. He has requested his fourth loan… More from Samwel'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
  • 404
    View loans »
    Kenya Loans Fundraising
  • $38,151,650
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Samwel to purchase bags of fertilizer for his farm.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014