Update on SamuelSamuel is now 29 years happily living with his two children. His cafeteria business is doing well and his monthly income has increased to KES 25,000.
He is has now asked for his 3rd loan of KES 35,000 from KADET Ltd. which he intends to use to purchase a stock of wheat flour, tea leaves, fresh milk, cooking fat and sugar. The profits that he gets will be used to pay school fees for his school-going children.
His dream is to have a happy family and also prosperity in business.
Previous Loan DetailsSamuel is 28 years old and married with two children. He has been operating a cafeteria business for the last four years, earning approximately 20,000 Kenyan shillings monthly. This is his second loan with KADET LTD. after successfully repaying his previous loan. He borrowed KES 10,000 and pl... More from Samuel'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