Update on Stephen KunduStephen is 45 years old, married, and has four children whom he supports. His spouse contributes to the family income. He has been running the business for a period of about five years, with an income of KES 17,000 a month. This is his sixth loan from KADET LTD, after successfully repaying the previous one. He hopes to give his children a quality education and expand his business.
Previous Loan DetailsStephen Kundu, aged 41 years, sells water in plastic tanks. He is married to Jane Wanjiku who is also a business lady and together they have two children aged three and one year old. He lives at Ruai which is a rural area and sells water in the rural areas near his town. Stephen has been running… More from Stephen Kundu'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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