Update on ElizabethElizabeth is now 39 years old and still living with her three children whom she supports. She is still running her secondhand clothing stall in Awasi and her monthly income has increased to KES. 23,000.
She is requesting her third loan of KES.71,000. She repaid the previous one successfully and intends to use this amount to purchase six bales of second hand clothing for resale.
The profits she earns will be used to repay the loan and pay school fees for her school going children. Her dream is to see her business grow and her children get a good education.
Previous Loan DetailsElizabeth is 38 years of age and a widow who supports three children aged 20, 12 and 10 years respectively. Elizabeth runs a secondhand clothing business. She has been in this business for 15 years and the business brings in a monthly income of Ksh. 20,000. This is her second loan with KADET LTD… More from Elizabeth'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