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Update on Musee

Musee is 52 years old and supports seven people in the family. He is married and his spouse contributes additional income.

He has been in business for 10 years and derives a monthly income of 6,000 Kenyan shillings. The loan will be used to purchase sugar and tea for sale. The profits will be used to expand his business by purchasing more stock.

This is the second loan from KADET LTD, but he successfully paid back the previous loan. His dreams and hopes are to have a building on his plots.

Previous Loan Details

Musee is fifty-one years old and is married to Jane, who is forty years old. They are blessed with two children. He has been running his retail shop for a period of about two years with an income of approximately KES 5,000 a month. This is his first loan from KADET Ltd after being introduce... More from Musee'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
  • 871
    View loans »
    Kenya Loans Fundraising
  • $46,969,425
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Musee to buy sugar, tea and sweets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 21, 2012
Jun 21, 2012
Currency Exchange Loss:
Jun 17, 2013
This photo was used before for a previous loan for Musee. It was first posted on Kiva on Dec, 2011. Learn More