Update on PaskaliPaskali, now 57 years of age, used his previous loan to buy and stock more goods to sell in his retail shop.It was profitable and he was able to repay the full loan amount in good time.
This will be his fourth loan term with KADET LTD and he plans to use the loan to buy stock including maize flour, sugar, crates of bread, tealeaves and detergents to sell.
He hopes to grow his business and open a wholesale shop, to earn more income and thereby become financially stable as well as to be able to pay school fees for his grandchildren.
Previous Loan DetailsPaskali is 56 years old and married to Mary. Together they are blessed with five children. He runs a retail shop in Kituluni Tala and he has been in this business for the last 10 years, earning an income of KES 20,000 per month. He has a good credit history with KADET LTD and he is applying for… More from Paskali'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