Update on JeremiahJeremiah is 61 years old and happily married and living with his children. He still runs his retail shop, and with his previous loans, his business has improved. Jeremiah now earns 55,000 KES each month.
He borrowed 50,000 KES and will use the loan to purchase cooking fat, tea leaves, washing detergents and sugar for resale. He plans to use the anticipated profits for payment of school fees. He hopes for prosperity in his businesses.
Previous Loan DetailsJeremiah is 60 years old and married with children aged between 7 and 25 years. He has been in the retail shop business for the last six years, earning approximately 50,000 Kenya shillings (KES) monthly. This is his second loan from KADET LTD after successfully repaying his previous loan. He b... More from Jeremiah'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