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Charles

Update on Charles

Charles is thirty-four year old and married to Grace. For the past three years he has run a food kiosk and makes a monthly income of 26,000 KES.


This will be Charles' second loan with KADET LTD. He plans to use all of this 53,000 KES loan to buy supplies like rice, flour, sugar, etc. in bulk. In the future he wants to own a hotel and employ more people.

Previous Loan Details

Charles is 33 years old and married. He has been earning a living in the restaurant business for the past two years, earning a monthly income of KES 25,000. His spouse farms to earn additional income. This will be Charles’ first loan with KADET LTD. He will use his KES 30,000 to purchase foodstuf... More from Charles'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 933
    View loans »
    Kenya Loans Fundraising
  • $41,730,500
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Charles to buy sugar, rice, flour, etc. in bulk.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014