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Prescilla

Update on Prescilla

Prescilla has a retail shop in Tala town where she sells both household and retail items. She is 62 years old and married and has been in this business for the past 15 years. Her estimated monthly income is KES 26,000.

This being her third loan from VisionFund Kenya, she plans to buy more stock of retail goods to sell and buy animal feeds. These include sugar, rice and flour. She will use the generated income to build a house. She would like a loan of KES 45,000.

She hopes to be successful in her business and be able to provide for the needs of her grandchildren such as school fees.

Previous Loan Details

Prescilla has a retail shop in Tala town where she sells both household and retail items. She is 62 years old, married and has been in this business for the past 15 years. This being her third loan from KADET LTD, she plans to buy more stock of goods to sell. These include sugar, rice and flou... More from Prescilla'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
  • 950
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 87.9
    Kenya Shillings (KES) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $525 helped Prescilla to buy more sugar, rice, flour and other items to sell and animal feed.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
May 31, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Prescilla. It was first posted on Kiva on Jun, 2013. Learn More