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Dorris

Update on Dorris

Dorris still runs her retail shop in Mwingi. Her business is doing incredibly well after getting funds from VisionFund Kenya. She is also grateful to the KIVA organization who made her success possible.

This marks her second loan term with VisionFund Kenya. She intends to use the loan facility to purchase more sugar, cooking oil, packed milk, washing detergents and cereals. She hopes to use the anticipated profit to pay for her four children's school fees and also reinvest in her business.

In future she hopes to continue expanding her shop to become a wholesale store.

Previous Loan Details

Dorris is a 46-year-old married mother of four children aged 19, 17, 16 and 14 years respectively. She earns a living for her family by operating a retail shop. Her business is only marginally sustainable because she is unable to expand it. Her goal is to fully stock her shop in order to attr... More from Dorris'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
  • 807
    View loans »
    Kenya Loans Fundraising
  • $42,362,775
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Dorris to stock her shop with rice, sugar, washing detergents, maize meal, cooking oil and flour.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Dorris. It was first posted on Kiva on Aug, 2013. Learn More