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Kavumbi

Update on Kavumbi

Kavumbi is 63 years old, married, and a mother of three children. For the last twelve years, she has earned a living by selling goods at her grocery store in Malindi. She now earns a monthly profit of about KES 14,950. Kavumbi was introduced to KADET LTD by our credit officer, and is applying for her fourth loan of KES 60,000 to buy additional stock for her grocery store, such as cooking oil, vegetables, fruits, cooking flour and so on, to sell to her customers. She will use the profits made possible by this loan to pay school fees for her children as well as to expand her business. Her goal for the future is to grow her grocery store into a general store so as to realize improved income so that she may help give her family a good and stable life.

Previous Loan Details

Kavumbi is 63 years old, married, and a mother of three children. For the last twelve years, she has earned a living by selling goods at her grocery store in Malindi. She earns a monthly profit of about KES 5,000. Kavumbi was introduced to KADET LTD by our credit officer, and is applying for her ... More from Kavumbi'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
  • 1010
    View loans »
    Kenya Loans Fundraising
  • $43,094,450
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Kavumbi to purchase additional stock for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Sep 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014