Update on JosephineJosephine successfully completed the repayment of her first loan much before the due date, owing it to her increased sales. She is now requesting a second loan of KES 40,000 which she will add up to her savings to help purchase an embroidery sewing machine.
She has managed to employ a lady to assist in managing her customers. She hopes to use the increased proceeds to expand her business as well as to educate her child.
Previous Loan DetailsJosephine, 29 years old, is married and blessed with one child. For the last 4 years, she has operated a tailoring and dressmaking business, making a monthly income of KES 8,000. Josephine has applied for her first loan of KES 20,000 from KADET LTD, which she plans to use to acquire more dress… More from Josephine'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