Update on SusanSusan is now 49 years old and still practicing mixed crop farming. She has been in the farming business for the past four years with a monthly income of KES 13,000 which she uses to support her family. She bought fertilizer and seedlings with the previous loan and her farm did well and made profit out of it.
She is applying for her second loan from KADET LTD after repaying her previous loan successfully. Susan will use the loan to buy more seedlings and fertilizer for use on the farm. With the anticipated profit from her business, she will support her grandchildren. Her hopes and dreams are to export her farmed produce.
Previous Loan DetailsSusan is 48 years old and married to Benson. They have two children. She has been in the mixed crop farming business for the past three years with a monthly income of KES 5,600, which she uses to support her family. She is applying for her first loan with KADET Ltd after being introduced by a… More from Susan'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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