Update on PhanicePhanice is now 42 years old and single and her children are now 18 and 15 years old. Her grocery has been progressing well and her monthly income has risen to KES. 8,000.
She has applied for her fifth loan of KES. 60,000 from KADET LTD, and she intends to use this amount to purchase more vegetables and varieties of fruits for resale.
The profits she earns will be used to plough back into the business and also start the same business in a different location. Her dream in life is to prosper in business and have a happy family.
Previous Loan DetailsPhanice is a single lady aged 41 years old who is blessed with two children, aged 17 and 14. She owns a green grocer store and has been in operation for a period of six years, earning a monthly income of KES 6,500. She is applying for her first loan of KES 30,000 from KADET LTD and intends t... More from Phanice'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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