Update on HesbornHesborn is now 42 years old. He is married and supporting four members of his family. He has moved from selling timber to a brick-making business which is now one year old and earns him a monthly income of KES 50,000.
Hesborn is now servicing his third loan of KES 70,000 from KADET LTD and wishes to use this amount to purchase raw materials for making the bricks and also to meet the transportation costs of the materials.
The profits he earns will be used to educate his school-going children and improve the living standards of his family. His hope is to prosper in his business and have a happy family.
Previous Loan DetailsHesborn is still in the timber business though his monthly income has been reduced to Kenya shillings 14,000 due to the stringent rules that have been imposed by the government on felling trees and not planting others. He has currently applied for his second loan which he will use to buy more... More from Hesborn'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