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Update on Timothy

Timothy, now 23 years of age, used his previous loan to buy a new motorbike, and it has been profitable.

This being his second loan term, he plans to use the loan amount in addition to his savings to buy another motorcycle. This will enable him to increase his income, which he will use to pay school fees for his daughter.

Timothy hopes to invest more in the transport business by buying a pickup and a lorry for his transportation business.

Previous Loan Details

Timothy is 22 years old and married, with a two-year-old daughter. Timothy has a motorcycle transport business that he has been operating for the past two years. He has applied for his first loan from KADET LTD to enable him buy a new motorbike He hopes to buy a lorry, which will help faci... More from Timothy'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
  • 412
    View loans »
    Kenya Loans Fundraising
  • $50,225,025
    Funds lent in using Kiva
  • 86.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Timothy to buy a new motorbike.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 9, 2013
Currency Exchange Loss:
Feb 18, 2014
This photo was used before for a previous loan for Timothy. It was first posted on Kiva on Aug, 2012. Learn More