Update on RoseRose is 29 years old, a single mother of a three-year-old child. She is a tailor, a business she started a year ago, and earns a monthly income of KES 20,000.
She has requested a second loan of KES 30,000 to purchase an embroidery machine and cloth materials. The profit she makes will help her buy additional stock for her business. Her dream is to see her business expand and improve her living standards.
Previous Loan DetailsRose is a 29 year old single mother of a three year old child. She is a tailor, a business she started one year ago and earns a monthly income of KES 15,000. She has requested a loan worth KES 15,000 to purchase sewing and an over lock machine. The profit she makes will help her repay her loan… More from Rose'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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