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Christine

Update on Christine

This marks Christine's third time borrowing from KADET LTD, after repaying the previous loans successfully. She has done great and her business has grown. She will use the requested loan to purchase dry foodstuffs such as beans and rice for her food kiosk and pay school fees for her daughter who has entered secondary school with proceeds from the business. She hopes have a successful business which supports her family's needs.

Previous Loan Details

Christine is a 43-year-old married mother of four children. She operates a food kiosk in Bombolulu Mombasa, a business that has been in operation for the last two years. The business is doing well. This marks Christine’s second borrowing from KADET LTD to finance her business and with the mone... More from Christine'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
  • 695
    View loans »
    Kenya Loans Fundraising
  • $42,245,400
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Christine to purchase more foodstuffs for her food kiosk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Christine. It was first posted on Kiva on Nov, 2011. Learn More