Update on JamesJames, 29 years old, is married to Jecinta and the father of one child. He runs a butchery shop and also has a motorcycle transport business in Kiambu. James has been in the butchery business for two years now, and earns a monthly income of sixty thousand shillings.
This will be James' second loan from KADET LTD, with which he plans to buy pigs for slaughter so that he can sell the meat at his shop. In the future, he plans to be a successful businessman.
Previous Loan DetailsJames, 28 years old, is married and has one child. He runs a motorcycle transport business and his wife sells charcoal to provide the family with additional income. James has been in the transport business for three years. This will be James' first loan from KADET LTD, and he plans to use it to… More from James'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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