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Alice

Update on Alice

Alice is a lady of forty years, married to Daniel and a mother of two lovely children. She runs a beauty salon in Kangemi and also sells beauty products. She has been in this business for one year now, and she gets a monthly income of thirty thousand shillings.

This will be Alice’s second loan with VisionFund Kenya. She plans to use the entire loan to buy more beauty products like hair relaxer, shampoo, etc. In future she wants open a wholesale beauty supplies shop.

Previous Loan Details

Alice is a forty-year-old woman, married to Daniel, and a mother of two lovely children. She runs a beauty salon in Kangemi and also sells beauty products. Alice has been in this business for one year now. She gets a monthly income of twenty thousand shillings. This will be Alice's first loan… More from Alice'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.

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About Kenya

  • $1,800
    Average annual income
  • 335
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Alice to buy beauty products like hair relaxer, shampoo, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014