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Henry Ngugi

Update on Henry Ngugi

Henry used his previous loan well; he bought assorted clothes and the business improved greatly. He is taking his third loan from KADET Ltd. after serving the previous ones without any difficulty. He will use the loan to buy more stocks of new clothes to sell in the coming high season.

He has never borrowed from another MFI, he has a good credit history with KADET Ltd. He hopes to become a leading boutique owner in the area, which will enable his family to live a happy life.

Previous Loan Details

Henry is 25 years old and married to Irene, who runs another business. He has been selling clothes for the past five years with an income of 10,000 Kenya shillings. He is taking the second loan with KADET after serving the previous one without any difficulty. He has never borrowed from another... More from Henry Ngugi'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
  • 855
    View loans »
    Kenya Loans Fundraising
  • $47,090,675
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Henry Ngugi to buy variety of clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 15, 2012
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Henry Ngugi. It was first posted on Kiva on Dec, 2010. Learn More