Update on CeciliaCecilia is a 59-year-old widow. She is a farmer. Cecilia has been practicing mixed-farming for the past nine years. She also raises chickens. She earns a monthly income of KES20,000, which she uses to support her family. Cecilia is applying for her second loan term with KADET LTD after repaying the previous one successfully. She will use the loan to buy chicken feed. With the anticipated profits from the business she will expand her poultry farming. Her hopes and dreams are to improve her living standards and those of her children.
Previous Loan DetailsCecilia, aged 58, is a widow with 10 adult children. For eight years, she has been a mixed crop farmer for her primary business and involved with buying and selling goats as a secondary business. She uses the monthly income of KES 6,000 to support her family members. Cecilia is applying for her… More from Cecilia'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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