Update on James GathiiJames used his previous loan amount to buy fuel to sell in his business. It was profitable and he paid the loan amount in good time.
This will be his fifth loan and he plans to buy more stock of diesel to sell in his business. Since demand is high, he anticipates to make more income with which he will use to pay school fees for his children.
James hopes to open a large petrol station in the area and become a successful businessman.
Previous Loan DetailsJames has been selling diesel in Naivasha town for the last three years. He is 35 years old, married to Hannah Wanja, and they have two children. James was introduced to KADET LTD by his friend and this will be his fourth loan. He repaid all his previous loans well and in good time. He pl... More from James Gathii'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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