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Josphat

Update on Josphat

Josphat is 34 years old and married. His wife is a businesswoman and they have two children, ages 8 and 3 years old. Josphat runs a shoe sales business in Kakamega town. He has been in this business for four years. He says that the business is profitable and the major challenge he has is financial constraints. He is using his loan of 50,000 KES to increase his stock of shoes to grow his business and meet the demands of his customers. He hopes to grow his business into a wholesale business. He describes himself as a visionary man. He will use the anticipated profits to buy a piece of land.

Previous Loan Details

Josphat is 33 years old and married. His wife is a business lady and they have two children aged seven years old and two years old. He runs a shoe sales business in Kakamega town. He has been in this business for three years. He says that the business is profitable and the major challenge he has ... More from Josphat's previous loan »

Additional Information

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
  • 1176
    View loans »
    Kenya Loans Fundraising
  • $40,458,550
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $600 helped Josphat to purchase shoes for resale.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2013
This photo was used before for a previous loan for Josphat. It was first posted on Kiva on Jul, 2011. Learn More