Update on VirginiaVirginia has already repaid her first loan, and she is happy with it since her business is doing fine and having many customers. She wants to take the second loan to restock her shop with a variety of products like washing detergents, cooking fat and other stock.
Virginia's shop was very attractive after adding some stock to her shop, and it attracted so many customers. Her family has succeeded in life, and their two children are educated to higher levels.
Previous Loan DetailsVirginia is 50 years old, married, and blessed with two children that she supports. She has run a retail shop for the last two years, getting a monthly income of KES 19,000. With a loan of KES 30,000 from KADET Ltd. she plans to restock her shop with a variety of products, like cooking fat, tea… More from Virginia'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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Success!! The loan was 100% repaid