Update on MoureenMoureen used her previous loan amount to buy more poultry for rearing and selling. These included layers and broilers together with poultry feeds. It was profitable and she was able to repay the loan amount well and in good time.
Besides the poultry business, she also sells clothes. These include dresses, shirts and curtains and the business has enabled her to get more income. This being her second loan term, she plans to use the loan amount to buy more inventory of clothes to sell. She anticipates making more income which she will use to add more variety of clothes.
Moureen hopes to grow her business by opening a big boutique business in Nakuru town.
Previous Loan DetailsMoureen is 21 years old and married to Wycliffe, and together they have one child. She has been keeping poultry as her primary activity in Nakuru town for the last one year. She sells the chickens to the open air market and hotels, and she supplies the eggs to various retailers. This will ... More from Moureen'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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