Update on MaryMary has been selling second-hand clothes for the past 4 years with a monthly income of KES 20,000, which she uses to support her family.
She is applying for her second loan from KADET, LTD. after repaying the previous loan successfully. She used the previous loan to buy more stock of clothes to add to her business. Mary will use this loan to add more stock of second-hand clothes to sell in the coming high season.
With the anticipated profit from the business she will educate her children. Her hopes and dreams are to open a boutique shop, which will increase her income and improve the living standard of her family.
Previous Loan DetailsMary is 32 years old, married to Peter and they are blessed with two children. She has been selling second hand clothes for the past three years with a monthly income of KES 15,000, which she uses to support her family. She is applying for her first loan with KADET after being introduced by a... More from Mary'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