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Update on Joel

Joel has been selling used clothes in Naivasha for the last 15 years. He is a 38-year-old, married man. He and his wife, Mary, have one child.

This is his fourth loan from KADET LTD. He successfully repaid his previous loans on time. He will use the loan proceeds to purchase more inventory of clothes for his shop. He hopes to improve his family's standard of living.

Previous Loan Details

Joel has been selling used clothes in Naivasha for the last 14 years. He is 37 years old, married to Mary and they have one child. Joel was introduced to KADET by his friend and this will be his third loan. He repaid his previous loans well and in good time. He plans to use this loan to buy us... More from Joel'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
  • 419
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Joel to purchase additional clothes to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 10, 2012
Currency Exchange Loss:
Sep 17, 2013