Update on BeatriceBeatrice has completed the construction of the first block of her rental houses and they have all been occupied. This has also assisted her in paying her previous loan.
Beatrice has acquired another loan of KES 100,000 which will enable her to complete the building of a gate and a perimeter wall around the housing block. She hopes to use the additional proceeds to educate her children.
Her hope and dream is to buy other plots and put up more housing units in the view of enhancing good housing for her community.
Previous Loan DetailsBeatrice is 37 years old, married, and blessed with three children that she supports. She owns rental houses that she operates earning a monthly income of KES 18,000. She applied for her second loan of KES. 100,000 from KADET. She plans to finish up the pending construction work and furnish her r... More from Beatrice'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