Update on MargaretMargaret is a single woman of 50 and a mother of four children. She is a dairy farmer and has been in business for 32 years. She gets a monthly income of twenty thousand shillings.
This will be Margaret's third loan with KADET LTD. She plans to use the entire loan to purchase a dairy cow. In future she wants to be a successful dairy farmer in her village.
Previous Loan DetailsMargaret is a 50-year-old woman. She is single with four children. She has a livestock farming business in Zambezi. She has been in the business for 32 years now. This will be Margaret’s second loan with KADET Ltd. She plans use the entire loan to purchase one-day-old chicks. She plans to… More from Margaret'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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