Update on PaulPaul is a man of thirty-five. Married to Alice and a father of two, he runs a motorbike transport business and also wants to start a photo studio jointly with one of his friends. He has been taking photos from door-to-door for two years now and gets a monthly income of thirty thousand Kenya Shillings.
This will be Paul's second loan with KADET Ltd., he plans to use the entire loan to open a photo studio. In future he wants to be a successful business man.
Previous Loan DetailsPaul has been practicing dairy farming for the last 13 years in Kiambu town. He is 34 years old and married to Alice. They have two children. He was introduced to KADET by a KADET client. This will be his first loan. He intends to use the loan amount to buy a motorbike for transport services. ... More from Paul'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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