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Update on Mercy

Mercy is 30 years old now, married with children. Her spouse contributes to the family income. She has been running the business for a period of about three years with an income of KES. 45,000 a month.The business is doing well.

This is her third loan with KADET LTD after successfully repaying the previous loans. She wants to use the loan to buy more hair products and a dryer.

She hope to invest in other businesses that will enable her family to access basic needs with ease.

Previous Loan Details

Mercy, aged 29, is married and is blessed with two children. She runs a salon that gives her a monthly income of KES 40,000. This is her second loan from KADET LTD and she has a good credit history.She will use the funds to buy hair products and a dryer. Mercy hopes to educate her children and... More from Mercy'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
  • 835
    View loans »
    Kenya Loans Fundraising
  • $46,969,425
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Mercy to buy hair products and a dryer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 14, 2013
Mar 19, 2013
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Mercy. It was first posted on Kiva on Mar, 2012. Learn More