Update on RodahRodah is 45 years old and lives with her two children, ages 17 and 12. She still runs her cereal business, and her monthly income has increased to 15,000 KES.
She is now servicing her second loan of 20,000 KES from KADET LTD and will to use this amount to stock more dry beans and maize for resale.
The anticipated profits from the business will be ploughed back into her business. She hopes to educate her children and prosper in her business.
Previous Loan DetailsRodah is 44 years old and single with two children. She has been in the cereals business for the last four years, earning approximately KES.7,500 monthly. She has applied for her first loan of KES.15,000 from KADET LTD, and plans to use it for purchasing dry maize and beans for resale.… More from Rodah'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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