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Update on Laban

Laban used his previous loan to buy goods for sell in his retail shop. It was profitable and he paid all the loan amount. Besides the retail shop business, he is also a dairy farmer and supplies milk to his customers.

This being his second loan amount, he plans to buy a motorcycle for transport business. He will also use the motorcycle to supply milk to his customers within the area and also those who are far.

He hopes to grow all his businesses and make more income,hence be able to provide for the needs of his family.

Previous Loan Details

Laban has operated his retail shop in Ndunyu Njeru town for the last year. He is 47 years old, married to Margaret, and has four school-going children. He was introduced to KADET LTD by one of our existing clients and this will be his first loan. He plans to use the loan to buy more goods to ... More from Laban'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
  • 431
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Laban to buy a motorcycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 4, 2012
Sep 30, 2012
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Laban. It was first posted on Kiva on Nov, 2011. Learn More