Update on VeronicaVeronica has been running a greengrocery business for the past ten years with a monthly income of 20,000 KES, which she uses to support her family.
She is applying for her third loan from KADET Ltd. after repaying the previous loans successfully. Veronica will use the loan to buy green vegetables and fruits for her business.
With the anticipated profit from the business, she will educate her children. Her hopes and dreams are to open a retail shop.
Previous Loan DetailsVeronica is a 36-year-old business lady, married to Samuel, a businessman. They are blessed with two children. Veronica has been running a greengrocer business for the past five years. She earns a monthly income of 10,000 KES, which she uses to support her family. She is applying for her first… More from Veronica'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