Update on Joseph MainaJoseph used his previous loan amount to buy more goods to sell in his shop. It was profitable and he was able to pay back the loan amount well and in good time.
Besides the retail shop business, he also has a grocery shop. This being his fourth loan, he plans to buy a motorcycle and start a motorcycle transport business in Naivasha town.
In the future, Joseph hopes to grow his businesses and make more income.
Previous Loan DetailsJoseph is 35 years old and has operated his retail shop in Naivasha town for the past five years. He was introduced to KADET LTD by one of the field officers and this will be his third loan. He repaid all his previous loans in a timely manner. He plans to use the loan to buy more goods to sell… More from Joseph Maina'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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Success!! The loan was 100% repaid