Update on Wilson KipngetichWilson, age 37, runs a local butcher shop in Chemundu. The business has been in operation for a period of four years now and his monthly income has increased to KES 11,050. He lives with his wife and their two children, ages seven and 13.
Wilson is servicing his fifth loan in the amount of KES 30,000 from KADET Ltd after repaying the previous one successfully. He intends to use his loan funds to purchase sheep and goats, which he will eventually slaughter and to sell to his esteemed customers. The expected profits will be used to repay the loan and to pay school fees for his children.
He hopes to improve the living standards of her family and expand his business.
Previous Loan DetailsT. Wilson is 36 years old and married to Domtila T., who is a farmer. They have two school-going children, ages 12 and 6. He owns a butchery in Chemundu Trading Centre in Kapsabet Town. He has been in this business for a period of four years, and his monthly profit is 6,000 KES. He has applie... More from Wilson Kipngetich'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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