Update on DanielDaniel is still taking care of his wife and five children and he is happy that he is able to provide for their needs. His butcher business is also doing well and his income has increased from Kes 30,000 to Kes 35,000.
He is currently borrowing his second term loan from KADET LTD after he repaid the previous one. He intends to use this amount to purchase more livestock for slaughter as the Christmas season is approaching and the festivities also mean that his business is at its peak. The profits he earns will be used to expand his business and to repay the loan.
He wishes to be self sustaining and expand his business further.
Previous Loan DetailsDaniel is 50 years old, married and blessed with five children aged 26, 24, 18, 15 and 11 years old. He owns a butcher shop and has been in operation for a period of three years, earning a monthly income of KES 30,000. He is servicing a first loan of KES 100,000 from KADET LTD which he intends… More from Daniel'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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