Update on RusiaRusia is 47 years old, married to Aggrey, a driver, and blessed with five children ages 17 (twins), 16, 14 and 9 years, respectively. Rusia owns a hotel, a business she started five years ago, and earns a monthly income of 20,000 KES.
She has requested a second loan of 30,000 KES to purchase two sacks of beans, five sacks of maize, and chicken for use in her hotel. She will use the anticipated profit to pay school fees for her children. Her dream is to buy a piece of land and build rental houses as well as educate her children.
Previous Loan DetailsRusia is 46 years old, married to Aggrey, a driver, and blessed with five children aged 16 (twins), 15, 14 and nine years old. She owns a cafeteria, a business she started five years ago, and earns a monthly income of KES 20,000. She has requested a loan of KES 30,000 to purchase three sacks… More from Rusia'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