Update on WycliffeWycliffe is 40 years old, from Migori County which is located in western part of Kenya.
Wycliffe makes bricks for construction. He has been in this business for the last 12 years and makes a monthly income of KES 10,000. He is taking his fifth loan from KADET LTD, which he will use to buy more stock of firewood and pay laborers for their work. He will use the anticipated profit to plough back into the business.
He has a dream of expanding his business enterprise so that he can earn extra income to support his family.
Previous Loan DetailsWycliffe is a 39-year-old man from Western Kenya and is married to Grace. They have six children who depend on them. Wycliffe makes bricks for construction purposes. He has been doing this business for the last 11 years and makes a monthly profit of KES 20,000. He is taking his fourth loan with… More from Wycliffe'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