Update on SusanSusan is 24 years old and a business lady. She is married to Stephen. She has been a tailor for the past four years with a monthly income of KES 8,500, which she uses to support her family.
Susan is applying for her second loan from KADET LTD after repaying the previous loan successfully since her business did well. She used the loan to buy textile materials. Susan will use the loan to buy a modern sewing machine.
With the anticipated profit from her business, she will support her parents. Her hope is to open her own boutique shop and improve the living standard of her family.
Previous Loan DetailsSusan is 23 years old and a business lady. She is married to Stephen. They do not currently have children. She has been a tailor for the past three years with a monthly income of KES 6,500, which she uses to support her family. Susan is applying for her first loan with KADET after having bee... 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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