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Isack

Update on Isack

Isack is 28 years old and married with one child who is four years old now. His wife supports the family with additional income that she gets from her clothes business. He has been selling spare parts for the last 10 years and the business is doing well. He earns a monthly income of KES 30,000.

He has applied for a second loan of KES 27,000, which he will use to buy more spare parts to sell. He plans to use the anticipated profits to open another shop.

Isack serviced his previous loan successfully and he hopes to expand his business.

Previous Loan Details

27-year-old Isack, who is married and blessed with one child, has an auto spare parts shop. He has been running this business for the last 10 years, and gets a monthly income of Kenya Shillings 10,000. This is his first loan term, and he plans to use the loan to purchase more lubricant oil, ca... More from Isack'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
  • 945
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $325 helped Isack to buy lubricant oil, car bolts, and wheels.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jun 8, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Isack. It was first posted on Kiva on Oct, 2013. Learn More