Update on LilianLilian is still in the business of selling gas cylinders. After getting the financial help from KADET LTD and Kiva, her monthly income has increased and now she earns more than 18,000 KES. She is very grateful for the previous loan.
Lilian is now applying for her second business loan to purchase more gas cylinders for sale since her customer base has expanded. She will use the anticipated profits to reinvest back into the business. She hopes to have a bigger, more profitable business.
Previous Loan DetailsLilian is 32 years old and a business lady; she is single but supports her parents. She has been selling gas cylinders for the past three years, earning a monthly income of 15,000 KES, which she uses to fulfill basic needs. Lilian will use the loan to buy complete gas cylinders. With the anti... More from Lilian'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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