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Update on Ignatius

Ignatius is 60 years old and still owns and operates a public service vehicle in Mombasa.
He is a married man with three adult children, and has been in this business for the last 20 years. His monthly income is KES. 87,000

He will be using the requested loan to purchase spare parts for his vehicle, and use the anticipated profit to service his loan. This is his third loan; the previous ones were paid successfully. He hopes to excel in the future.

Previous Loan Details

Ignatius is 59 years old, married, and the father of three children. He runs a matatu (shared taxi) business in Bombolulu, Mombasa. His business has been in operation for the last 20 years, and it is doing well. Ignatius is requesting his second loan from KADET LTD. He will use the loan to ref... More from Ignatius'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
  • 567
    View loans »
    Kenya Loans Fundraising
  • $49,847,375
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ignatius to refurbish his matatu (shared taxi) in order to make more trips.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 23, 2012
Dec 10, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Ignatius. It was first posted on Kiva on Dec, 2011. Learn More