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George

Update on George

George is a forty-four-year-old man. He is married to Hannah and is a father of three children. He runs a retail shop in Kimende on the outskirts of Limuru town. He recently bought a motorcycle and started a motorcycle transport business. He gets a monthly income of fifty-five thousand seven hundred Shillings.

This will be George's eighth loan with KADET Ltd. He has successfully paid back all the other loans. He plans to use the loan to buy another motorcycle. In future he wants to be a successful businessman.

Previous Loan Details

George, who is married to Hannah, is forty three years old and a father of three children. He has a retail shop in Limuru and has been in business for twelve years now. He gets a monthly income of 56,000 KES. This will be George's seventh loan with KADET LTD, and he plans to buy things like rice,... More from George'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
  • 604
    View loans »
    Kenya Loans Fundraising
  • $39,245,475
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $825 helped George to buy a motorcycle.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 29, 2013