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Florence

Update on Florence

Florence is 41 years old. She is single and the mother of four children. For the past four and a half years, she has run a cereal shop in Kangemi. Florence earns 100,000 KES each month.

Florence is requesting her second loan with KADET LTD to buy cereals such as rice, beans, and maize for her business. In the future, she wants to own a bigger shop.

Previous Loan Details

Florence is a single woman of 41 years and a mother of four children. She operates a cereal shop in Kangemi and has been in this business for four years now. She earns a monthly income of 100,000 shillings. This will be Florence's first loan with KADET LTD. She plans to buy ten sacks of beans ... More from Florence'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
  • 788
    View loans »
    Kenya Loans Fundraising
  • $42,367,725
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Florence to buy cereals such as rice, beans, and maize.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 6, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2014