Update on PashalinaPashalina is requesting her second loan. She used her previous loan amount to buy a large stock of clothes to offer for sale. The results were profitable and she was able to repay her loan amount in good time. She was also able to add a greater variety of clothes to her business.
With the funds from her second loan, she plans to buy more clothing items to offer for sale. This will enable her to have enough stock on hand to meet the demands of her customers.
She will use the generated income to pay the school fees for her children.
In the future, Pashalina hopes to grow her business and open a boutique, allowing her to earn more income.
Previous Loan DetailsPashalina is a 57-year-old lady, married to Patrick, and they do not have children. She has been selling second-hand clothes for 2 years, earning an income of 10,000 KES per month. Pashalina learned about KADET LTD through a friend who is already registered with KADET LTD. This is her first… More from Pashalina'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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