Update on ZakariaZakaria used his previous loan to buy more charcoal to sell. It was profitable since he made more income, which helped him provide for the needs of his family.
He plans to use this loan to buy another motorcycle, and thereby, boost his motorcycle business. He anticipates generating more income, with which he will use to pay school fees for his children.
He hopes to invest more in his transportation business by buying more motorcycles. He also hopes to buy a plot and build rental houses.
Previous Loan DetailsZakaria is 25 years old. He is married to Anne and together they have one child. Zakaria operates a motorcycle and a charcoal business. He has been in the business for the past one year. This is his sixth loan from KADET LTD. He was introduced to KADET LTD by a credit officer. He will us... More from Zakaria'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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