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Beatrice

Update on Beatrice

Beatrice has a retail shop in Ndunyu Njeru. She has applied for her third loan from KADET LTD to enable her to buy more inventory of sugar, maize flour, and detergents for sale. She paid her previous loan on time.

She hopes to expand her business and buy dairy cows in the near future.

Previous Loan Details

Beatrice has operated her retail shop in the town of Ndunyu Njeru for the last two years. She is 43 years old, married to Joram, and has three school-going children. She was introduced to KADET by one of our field officers. This will be her third loan; she paid her previous loans back in good t... More from Beatrice'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
  • 730
    View loans »
    Kenya Loans Fundraising
  • $42,190,575
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Beatrice to buy more sugar, maize flour, and detergents.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 27, 2014
This photo was used before for a previous loan for Beatrice. It was first posted on Kiva on Sep, 2011. Learn More