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Alfonce

Update on Alfonce

Alfonce is 44 years old, married, and has three children, aged 17, 12 and five years old. He has a retail shop in Kangundo town and has run it for five years.

This is Alfonce's first loan term with VisionFund Kenya and he plans to use the loan to buy more stocks of sugar, maize flour, rice, cooking oil, milk, and bar soap to sell. He anticipates generating more income which he will use to pay school fees for his children.

Alfonce hopes to improve his business and educate his children. He dreams of having a stable business.

Previous Loan Details

Alfonce is 44 years old, married and has three children aged 17, 12 and 5 years old. He has a retail shop in Kangundo town and has run it for five years. This is his first loan term with KADET LTD, and he plans to use the loan amount to buy more stock of sugar, maize flour, rice, cooking oils... More from Alfonce'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
  • 825
    View loans »
    Kenya Loans Fundraising
  • $40,311,575
    Funds lent in using Kiva
  • 87.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Alfonce to buy more stocks of sugar, maize flour, rice, cooking oil, milk, and bar soap to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jun 5, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014