Update on EnkaiserEnkaiser has completed repaying her previous loan, after a good wheat harvest. She has acquired another loan of KES 60,000, which will facilitate her purchase of livestock, for fattening and resale at a profit, in the quest of diversifying her business.
She hopes to grow into a large-scale farmer and to provide a high level of education for her children.
Previous Loan DetailsEnkaiser E. K., a 40-year-old married mother of five children, has been farming her own piece of land for the past two years. Enkaiser, who was first introduced to KADET LTD by a KADET staff member in her town, is requesting her third loan to buy wheat seed and fertilizer. She hopes to use the… More from Enkaiser'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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