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Magdaline

Update on Magdaline

Magdaline and her family are well. She has a poultry, beekeeping, and dairy business that is going well and generates 20,000 KES each month.

Magdaline is requesting a loan to purchase an egg incubator.

Previous Loan Details

Magdaline is 40 years old, married, and supports two members of her family. Her spouse, James, helps in fending for the family, too. She is into a poultry, bee keeping, and dairy farming business in the Milango location, and is served by KADET's Kapsabet office. This has been her income… More from Magdaline'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
  • 447
    View loans »
    Kenya Loans Fundraising
  • $38,309,375
    Funds lent in using Kiva
  • 86.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Magdaline to purchase an egg incubator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Mar 2, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015