Update on JohnJohn is still working as a mechanic repairing motorcyles. After getting financial assistance from KADET and the KIVA lenders, he has been able to boost his monthly income to KES 36,000, which he uses to support his family.
John is applying for his fourth loan term with KADET LTD after repaying the previous loans successfully. He is glad for the financial support he has been receiving from KADET LTD and he plans to use the loan to purchase motorcyle spare parts.
His hopes and dreams are to have a happy family and be financially stable.
Previous Loan DetailsJohn is 38 years old; married to Agnes. They are blessed with three children aged twelve, six and two years. He has been a mechanic for the past ten years with the monthly income of 30,000 Kes. which he uses to support his family. He is applying for his third loan from KADET. He will use the… More from John'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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