Update on PeninaPenina is 46-year-old lady from Kisumu town. She is married to Jack, and they have four children, who are aged 14 to 24 years old.
Penina is a fishmonger within Kisumu. She has been doing this business for five years, and her monthly income is KES 20,000. She is taking her second loan from KADET LTD, which she will use to buy more stock of fresh fish to sell. She will use the profit from the business to expand her fish stock.
Her dream is to become the sole supplier of fish for the whole market.
Previous Loan DetailsPenina is a forty-five-year-old lady from Kisumu town and she is married to Jack, a head teacher at his school. The couple has four children aged 10, 13, 20 and 24 years. Penina operates a fish selling business at Kisumu, a business she has done for the last four years, making a monthly income of… More from Penina's previous loan »
About VisionFund KenyaVisionFund 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.
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