Update on Dixon OderaDixon has a welding garage, a business he has been doing for the past seven years. Since he joined KADET LTD., he has been impressed with services they offer, and because of that, he has a strong hope in them. He makes a monthly income of 25,000 KES (Kenyan shillings).
He is applying for his third loan, which he will use to buy raw materials like iron bars, welding rods and wire mesh. He will use the anticipated profit to expand his business into a larger one.
He has a dream of expanding his business and educating all of his children up to a higher level to enable them to become responsible people in the future.
Previous Loan DetailsDixon O. is a hardworking 43-year-old man from the lakeside city of Kisumu, situated along the fresh water Lake Victoria, in Western Kenya. He is married to Pamela Akinyi, a professional teacher in Kisumu, and the couple has two children, 4 and 10 years old. Dixon has been a welder at Mamboleo... More from Dixon Odera'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