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David

Update on David

David has been selling boiled eggs in Nakuru town. He has been blessed with seven children who are still in school. His business is doing well, and he successfully paid his previous loan.

He has applied for his second loan of 26,500 Kenyan shillings to buy more stock of eggs wholesale to sell to his customers at retail prices.

David hopes to grow his business and be able to give his children the best education.

Previous Loan Details

David is 45 years old from Nakuru. He is married and they are blessed with seven children aged 23, 18, 15, 11, eight, six and two and half years old. He sells boiled eggs to customers in his town, a business he has been running for the last year. To enable him buy more stocks of these eggs so ... More from David'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
  • 802
    View loans »
    Kenya Loans Fundraising
  • $42,362,775
    Funds lent in using Kiva
  • 88.0
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped David to buy more stocks of eggs to sell to his customers.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2015
This photo was used before for a previous loan for David. It was first posted on Kiva on Dec, 2013. Learn More