Update on IsackIsak is 29 years old still and living with his four children. He runs a barber shop, and his business has improved. He earns an income of 5,000 KES (Kenyan shillings) monthly. He is servicing a loan of KES 25,000, this being his second term loan after repaying the previous one successfully. He intends to purchase more shaving equipment.
The profits that he earns will be used to improve the living standards of his family. He hopes to prosper and diversify his business.
Previous Loan DetailsIsack is a married man aged 29 years with four children between the ages of seven and one year. He owns a barber shop and has been in operation for a period of two years; he gets a monthly income of KES 3,000. Isack joined a self help group in KADET LTD and is servicing his first loan of KES ... More from Isack'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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