Update on JohnJohn is still married to Margret, and he says that his wife and children are all fine. He is still in the butchery business, and from the last loan, his income has increased to 10,000 KES (Kenyan shillings).
This marks his third borrowing from KADET LTD after successfully repaying the previous loans. He wants to use this loan to buy building materials, as he plans to expand the space that his business is in. This will allow him to bring in more stock and also venture into cooking the meat for his customers as well.
He hopes to give his family a quality life and education.
Previous Loan DetailsJohn N. is a sole proprietor businessman who operates a butchery in an urban setting near a school. His customers are mainly students. He has been in this business for four years and earns an income of Kshs.9,000 per month. John is married to Margaret Wambui and together they are blessed… More from John'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