Update on PeterPeter's transport business is still doing well. He is taking his fourth loan with KADET LTD after paying his previous loan successfully. He is grateful to KADET and Kiva lenders for the financial help he has been receiving, which has enabled him to expand his business.
Peter is requesting an education loan to pay for his children's school fees. His hopes and dreams are to give his children a quality education and improve his family's living standards.
Previous Loan DetailsPeter has applied for his third loan from KADET LTD after repaying the previous loans successfully. Peter will use the loan to service the vehicle. The business is doing well. With the anticipated profit from the business, he will educate his children. His hopes and dreams are to buy another… More from Peter'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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