Update on BeatriceBeatrice is 45 years old. She has been running a green grocery business for the past four years, earning a monthly income of KES. 10,000. Beatrice is applying for her fifth loan from KADET LTD after repaying the previous loans successfully. She used the previous loans to buy green vegetables and fruits.
Beatrice will use the loan to buy more fruits and vegetables for sale. With the anticipated profit from the business, she will educate her child.
Her hope and dream is to open a retail shop and expand her grocery business, which will help her improve the living standard of her family.
Previous Loan DetailsBeatrice is 44 years old and a single mother of one child. She has been running a green grocery business for the past three years, earning a monthly income of KES 9,500. Beatrice is applying for her fourth loan with KADET after repaying the previous loans successfully. Beatrice will use the lo... More from Beatrice'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