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Peter

Update on Peter

Peter used the loan he received from VisionFund Kenya to buy baking ingredients which helped boost his bakery business.

Peter has applied for his second loan from VisionFund Kenya to buy flour,eggs,and milk to use in his bakery. He will increase his source of income.

He hopes to expand his business to become a large scale booming confectionery.

Previous Loan Details

Peter is 45 years old, married to Margaret and supporting nine children who are in school. He has a bakery shop in Ndunyu Njeru, which he has been running for five years. He has applied for his first loan from Kadet Ltd to buy flour and other stock. With the anticipated profit, he plans to buy… More from Peter'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
  • 656
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Peter to buy flour and other bakery items.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Peter. It was first posted on Kiva on Oct, 2013. Learn More