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Update on Philip

Philip plans to venture into another business of building rental houses alongside his transportation business. He has requested for a loan worth KES 100,000 to purchase building materials for constructing rental houses on his plot of land. The anticipated profit will help him expand his wife’s business kiosk. He dreams of being successful through the loans from KADET.

Previous Loan Details

Philip is 25 years old and married to Margaret, who runs a kiosk to bring some additional income to the family. They support a family of three people. He has a transportation business and he has been in this business for three years. Right now his monthly income from the business is KES 60,000. ... More from Philip'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
  • 561
    View loans »
    Kenya Loans Fundraising
  • $49,761,575
    Funds lent in using Kiva
  • 82.8
    Kenya Shillings (KES) = $1 USD
A loan of $1,225 helped Philip to purchase building materials for constructing rental houses in his plot.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 7, 2012
Apr 9, 2012
Currency Exchange Loss:
May 9, 2012
This photo was used before for a previous loan for Philip. It was first posted on Kiva on Oct, 2011. Learn More