Update on WalterWalter, a 32-year-old father of two children, is married to Phillis. For four years he has been running a video shooting/show business in Ruaka on the outskirts of Kiambu town as a primary business and offers taxi transport as well.
Walter is requesting his third loan from KADET LTD, having repaid his previous ones well and without any difficulties. He plans to use the entire loan to buy a video decoder machine and take his taxi for service and repairs.
In future he hopes to become a successful businessman.
Previous Loan DetailsWalter is a thirty-one-year-old married man with one child. He runs a video shooting / show business. He has been in this business for three years. This will be Walter's second loan from KADET LTD. He plans to use the loan to purchase a new decoder machine for DSTV, and he plans to use the pr... More from Walter'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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