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Rose

Update on Rose

This marks Rose's fourth borrowing from KADET Ltd, after servicing her previous loans successfully. She will use the loan to purchase more fruits and vegetables like spinach, oranges, tomatoes and kale to expand her business. With the anticipated profit, Rose hopes to attract more clients as well as expand her business. She hopes to see her ventures grow to bigger heights in the near future.

Previous Loan Details

Rose is 35 years old and from Kilifi. She is a married mother of four. She sells vegetables and fruit, a business she has been doing for the past 14 years with success. This marks her third loan from KADET LTD to expand her business. She plans to purchase more cabbages, spinach, oranges, tomat... More from Rose'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
  • 653
    View loans »
    Kenya Loans Fundraising
  • $39,287,300
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Rose to purchase more cabbages, spinach, oranges, tomatoes and kale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Rose. It was first posted on Kiva on Jul, 2012. Learn More