Update on Jackson WamutuJackson, who owns a retail shop and a grocery business, used his previous loan amount to buy more stock of goods to sell. He bought rice, sugar and vegetables, and it was very profitable.
This being his fifth loan from KADET LTD, Jackson plans to use the amount to buy grocery items to sell. These include bags of potatoes, beans, fruits such as mangoes, oranges and pineapples, and tomatoes, as well as vegetables. This will enable him to increase his income which he will use to pay school fees for his children.
Jackson hopes to grow his business and supply grocery items to various markets.
Previous Loan DetailsJackson Wamutu M., age 38, owns a retail shop as a primary business and also manages a green grocery shop in Mbotela estate. He is married to Anne, age 32, who is a farmer and contributes additional income for the family. They have three school-going children. Jackson has been in his business... More from Jackson Wamutu'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