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Update on Fredrick

Fredrick is still running his motorcycle transport shop and his wife is still running a retail shop to provide a secondary income for his family. After his previous loan, his income has increased to 20,000 KES.

Fredrick is requesting his second loan with KADET LTD to purchase consumer goods such as sugar, wheat flour, rice, cooking oil, and other products for his wife's business. He has successfully repaid his previous loans. Fredrick intends to educate his children to the highest level possible and start a dairy farming business with the profit earned from his two businesses. In the future, he dreams of having a wholesale shop, buying a taxi car, and giving his children the best education possible.

Previous Loan Details

Fredrick is 28 years old and a businessman. He is married to Florence who runs a retail shop , and they have one son. He operates a motorcycle transport business as his primary business and does mixed crop farming business with an average monthly income of KES.10,000, which he uses to support his... More from Fredrick'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
  • 489
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Fredrick to purchase sugar, wheat flour, rice, cooking oil, and other products for his wife's business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 23, 2012
Dec 21, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Fredrick. It was first posted on Kiva on May, 2012. Learn More