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Update on Josphat

Josephat is now 31 years old, and living with his family. He is still operating his phone accessories and repair shop, and his monthly income has risen to KES 12,000.

Now, he has borrowed a loan of KES 100,000 from KADET LTD. He wishes to use this amount to add more phone accessories for his shop. The profits he gets will be used to repay the loan and for his family's upkeep. His dream is to be financially stable.

Previous Loan Details

Josephat is 30 years old, married, with one child. He is in the phone accessories and repair business and has been in operation for the last four years earning KES 8,000 monthly. He is applying for his third loan of KES 60,000 from KADET LTD. He will use the loan to purchase hand set covers, ... More from Josphat'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
  • 428
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Josphat to purchase handset covers, batteries and phones for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 25, 2013
Mar 28, 2013
Currency Exchange Loss:
Nov 17, 2013